Sub: - Grant of Options to eligible employees under ESOP Schemes
This is to inform you that the Nomination and Remuneration Committee of the Board of Directors at its meeting held today- 25.10.2017 have granted 3,24,700 stock options (ESOPs) to the eligible employees. The broad terms and conditions of the said ESOPs are as under:
1. The options are granted at the market price of Rs. 350/- 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.
You are requested to acknowledge receipt, take the same on record.
Ask Value Research 
New Process Alert 
Seems like you've uploaded a wrong QR code. Please upload the QR code downloaded from MF Central platform.
