Strides Arcolab Ltd grants 100000 options under Strides Arcolab ESOP 2011

The Compensation Committee of Strides Arcolab Ltd has granted 100,000 options to an eligible employee under the Strides Arcolab ESOP 2011 Scheme at Rs. 792.60 per option (exercise price). The shares covered by such options are 100,000 shares.

The vesting period of these options is in a phased manner over a period of 3 years. The options may be exercised within a period of 30 days from the date of vesting.

Shares of STRIDES ARCOLAB LTD. was last trading in BSE at Rs.907.2 as compared to the previous close of Rs. 907.8. The total number of shares traded during the day was 34178 in over 2870 trades.

The stock hit an intraday high of Rs. 923 and intraday low of 904. The net turnover during the day was Rs. 31202835.

Source : Equity Bulls

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