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ULTRATECH CEMENT LTD. - Employee Stock Option Scheme - 2013 ("ESOS - 2013")
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23 Apr 2016
UltraTech Cement Ltd has informed BSE that the Nomination, Remuneration and Compensation Committee of the Board of Directors of the Company has approved grant of 15,042 Stock Options at an exercise price of Rs. 3,167/- per stock option exercisable into the same number of equity shares of Rs. 10/- each and 5,313 Restricted Stock Units at an exercise price of Rs. 10/- each exercisable into the same number of equity shares of Rs. 10/- each to eligible employees of the Company under the Employee Stock Option Scheme - 2013 (&quot;ESOS-2013&quot;).&lt;BR&gt;&lt;BR&gt;Subject to the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the terms of the ESOS-2013, the Stock Options will vest in four equal installments after one year of the date of grant and Restricted Stock Units will vest after three years from the date of grant which shall be exercisable within a period of five years from the date of vesting.
View all announcements for ULTRATECH CEMENT LTD. Source: BSE India