CRISIL LTD. - Grant of options under Employees Stock Option Scheme 2014 (ESOS- 2014)
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| 17 Apr 2014 | |
| CRISIL Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company<br/>at their meeting held on April 17, 2014 granted 2,860,300 stock options to the employees and whole-time Directors of<br/>CRISIL and its subsidiaries at an exercise price of Rs. 1,217.20 (Rupees One Thousand Two Hundred Seventeen and Twenty paise only) under the Employees Stock Option Scheme. This price is the closing share price on the National Stock Exchange (NSE) on Wednesday, April 16, 2014, the last trading day before the grant of these options. The options will vest in tranches between April 17, 2017 and April 17, 2019. The options may be exercised within two years from the date of vesting.<br/><br/>The issue of shares under the Employees Stock Option Scheme was approved by the shareholders through postal ballot mechanism, the result of which was declared on April 03, 2014. <br/><br/>The scheme has been designed in accordance with the Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999. | |
| View all announcements for CRISIL LTD. | Source: BSE India |
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