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| Exchange Received Time 14/08/2018 11:12:33 Exchange Disseminated Time 14/08/2018 11:12:42 Time Taken 00:00:09 | Nomination and Remuneration Committee ('the Committee') of the Company held today i.e. on 13th August, 2018 and inter-alia has considered and approved the grant of Options to eligible employees of the Company under FEL ESOP - 2015 the details of which are as under:
Number of Options granted 42,45,000 Options
Vesting Period After the expiry of 12 months, 24 months and 36 months from the date of grant, as the case may be.
Exercise Period Not later than 3 years from the date of vesting
Exercise Price Rs. 21.60 per Equity Share
Conversion Each Option is convertible into 1 (One) Equity Share of Rs. 2/- each |
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