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| Exchange Disseminated Time 02/02/2016 18:24:05 | Majesco Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors at its meeting held on February 02, 2016 granted 186,000 stock options (ESOP's) to the eligible employees. The terms and conditions of the said ESOP's are as under:
1. The options are granted at the market price of Rs. 569/- per share.
2. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option.
3. The options shall vest at the rate of 25% at the end of each year from the date of grant.
4. The first option shall vest only after a period of twelve months from the date of grant.
5. The vested options can be exercised within a period of seven years from the date of vesting. |
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