The Nomination and Remuneration Committee at its Meeting held today i.e. November 5 2020 has approved grant of total 55 000 Stock Options under the Companys Employee Stock Option Scheme 2015 (ESOP Scheme 2015) to 8 eligible employees at a price of Rs.486.40 per option being the closing market price of the Companys equity share on the National Stock Exchange of India Limited where the traded volume in the Companys shares was higher on November 4 2020 i.e. the date previous to the date of the Committee Meeting. The Stock Options granted are within the Plan Size of 30 27 073 Stock Options as available under the ESOP Scheme 2015.
These options will vest in favour of the grantees over a period of 4 years from the date of grant i.e. November 5 2020.
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