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ULTRATECH CEMENT LTD. - Outcome of Committee Meeting
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18 Oct 2014
UltraTech Cement Ltd has informed BSE that the Nomination, Remuneration and Compensation Committee of the Board of Directors of the Company at its meeting held on October 18, 2014 has approved grant of 34,859 stock options at an exercise price of Rs. 2,318/- per stock option, exercisable into the same number of equity shares of Rs. 10 each and 12,313 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 &quot;Employees Stock Option Scheme - 2013&quot; (ESOS - 2013).&lt;br/&gt;&lt;br/&gt;Subject to the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the terms of the ESOS - 2013, the stock options will vest in 4 equal installments after one year of the grant and restricted stock units will vest after three years from the date of grant which shall be exercisable within a period of 5 years from the date of vesting.
View all announcements for ULTRATECH CEMENT LTD. Source: BSE India