Educomp Solutions grants 400000 Stock Options under ESOP Scheme 2011

The Remuneration Committee of Educomp Solutions Ltd on February 23, 2012, has granted 400,000 Stock Options to the Employees of the Company under ESOP Scheme 2011 at current market price to be converted in to one equity share of face value of Rs. 2/- each on exercise of one option. Vesting conditions and Exercise period of the stock options is as decided by the remuneration committee as per the terms and conditions of the ESOP Scheme 2011.

The Educomp Solutions Ltd stock was trading at Rs.219.15, down by Rs.4.60 or 2.06%. The stock hit an intraday high of Rs.224.90 and low of Rs.217.10.

The total traded quantity was 4.50 lakhs compared to 2 week average of 6.84 lakhs.

Source : Equity Bulls

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