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| Exchange Received Time 16/10/2017 13:39:27 Exchange Disseminated Time 16/10/2017 13:39:28 Time Taken 00:00:01 | 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 16 October 2017, has granted 16,350 Stock Options to the eligible employee of the Company under the Employee Stock Option Scheme 2009 at an exercise price of Rs. 1953.05 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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