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| Exchange Received Time 20/04/2017 20:43:10 Exchange Disseminated Time 20/04/2017 20:43:16 Time Taken 00:00:06 | | Re: Grant of Stock Options to Eligible Employees Security Code: 523405 We wish to inform you that the Nomination and Remuneration Committee of the Board of the Company at its meeting held today has approved the grant of 23,19,636 options giving rise to the issuance of equivalent number of equity shares of the face value of Re. 1/- each of the Company to the eligible employees. The details of grant, vesting schedule and exercise period in respect of the above options are given as under: Grant Date: April 20, 2017 Total No. of Options granted Vesting Schedule Exercise Period 23,19,636 Stage I - 1/3rd (7,73,212) of options will vest on April 20, 2018 April 20, 2018 to April 19, 2024 Stage II - 1/3rd (7,73,212) of options will vest on April 20, 2019 April 20, 2019 to April 19, 2024 Stage III - 1/3rd (7,73,212) of options will vest on April 20, 2020 April 20, 2020 to April 19, 2024 |
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