Titagarh Wagons Ltd grants 1 lakh options

Pursuant to the approval of shareholders to the 'TWL Employees' Stock Option Scheme, 2014' (the ESOP Scheme), the Nomination and Remuneration Committee being the authorised Committee for the purpose, at its meeting held March 04, 2015 has approved grant of 1,00,000 (one lakh) options (each option exercisable into one equity share) to the eligible employees of the Company/its subsidiaries at an exercise price of Rs. 221 (Rupees Two Hundred Twenty One) per share under the said the ESOP Scheme.

Vesting conditions and exercise period of the stock options granted is as decided by the Committee as per the term and conditions of the said ESOP Scheme.

Shares of TITAGARH WAGONS LTD. was last trading in BSE at Rs.706 as compared to the previous close of Rs. 672.25. The total number of shares traded during the day was 792848 in over 45744 trades.

The stock hit an intraday high of Rs. 732.25 and intraday low of 647.5. The net turnover during the day was Rs. 553602304.

Source : Equity Bulls

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