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| Exchange Received Time 02/09/2017 15:46:35 Exchange Disseminated Time 02/09/2017 15:46:40 Time Taken 00:00:05 | This is to inform you that, as per SEBI (Share Based Employee Benefits) Regulations, 2014 and Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Nomination and Remuneration Committee of the Board of Directors at its meeting held today, 2nd September, 2017 approved a grant of 11,97,312 stock options to the eligible employees of the Company and its subsidiaries under "Employee Stock Option Scheme - ESOS 2016" at an exercise price of Rs. 117.40 per option ( each option being convertible into one equity shares of the Company upon vesting.Subject to the SEBI (Share Based Employee Benefits) Regulations, 2014 and the terms of ESOS 2016, the options shall vest in 3 tranches commencing from October 01, 2018, subject to fulfillment of certain performance based conditions, which shall be exercisable within a period of four years from the date of vesting.Kindly take these details on your records.
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