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| Exchange Disseminated Time | Poly Medicure Ltd has informed BSE that the Company at its Compensation Meeting has granted 20,440 options pursuant to the "Poly Medicure Employee Stock Option Scheme, 2011", to their employees on the following terms & conditions:
- The vesting period for conversion of such options commences as follows:
On completion of 24 months from the date of grant of options- 50%
On completion of 30 months from the date of grant of Options- 50%
- The exercise price of the option is Rs. 50 each, which are to be paid by the employees to the Company on the exercise of the options.
- The exercise period commences from the date of vesting of the options and expire at the end of 3 months from the date of such vesting. |
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