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| Exchange Disseminated Time | Jyothy Laboratories Ltd has informed BSE that the Remuneration and Compensation Committee of the Board of Directors of the Company at its meeting held on August 16, 2014 has approved the grant of 5,03,445 Stock Options to eligible employees of the Company, in terms of Employee Stock Option Scheme 2014 ("ESOS - 2014"). The said options carry the right to apply for equivalent number of equity shares of the Company of face value of Re. 1/- each, the brief terms of which are as under:
1. Vesting: The options shall vest over a period of 4 years on the basis of time and performance.
2. Exercise period: 5 years from the date of vesting of options.
3. Exercise price: Re. 1 per share for 5,03,445 of stock options. |
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