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| Exchange Disseminated Time | CRISIL Ltd has informed BSE that the Compensation Committee of the Board of Directors of the Company at their meeting held on April 16, 2012 granted 908,275 stock options to the employees and whole-time Directors of CRISIL and its subsidiaries at an exercise price of Rs. 1,060/- (Rupees One Thousand and Sixty only) under the Employees Stock Option Scheme. This price is the closing share price on the National Stock Exchange (NSE) on April 13, 2012, the last trading day before the grant of these options. The options will vest in tranches between April 16, 2013 and April 16, 2015. The options may be exercised within three years from the date of vesting.
The issue of shares under the Employees Stock Option Scheme was approved by the shareholders through postal ballot mechanism, the result of which was declared on April 10, 2012.
The scheme has been designed in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. |
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