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| Exchange Received Time 01/02/2018 14:28:31 Exchange Disseminated Time 01/02/2018 14:28:35 Time Taken 00:00:04 | This is to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and subject to the provisions of the SEBI (Share Based Employee Benefits) Regulation 2014, the Compensation Committee of the Board at, its meeting held on 1 February 2018, has granted 1,20,000 Stock Options to the eligible employee of the Company under the Employee Stock Option Scheme 2009 at an exercise price of Rs. 1,677.85 per option. Each of the stock option entitles the holder to apply for one equity share of the Company of Rs. 2 face value.
The following are the main terms of the options granted:
a) Vesting Period: The options would vest not earlier than 1 year and not later than 5 years from the date of grant of Options.
b) Exercise Period: The Stock Options are excisable within 5 years from the respective date of vesting.
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