KPIT Technologies Ltd approves grant of 60000 options

The HR & Compensation (Nomination & Remuneration) Committee of the Board of Directors of KPIT Technologies Ltd, at its meeting held on April 27, 2015, has approved the grant of 60,000 options under the Employees Stock Option Scheme 2006, at an exercise price of Rs. 144.90/- per share (being the closing price of the equity shares of the Company on the National Stock Exchange of India Limited on the previous trading day) to the employee(s) of the Company.

The terms are that the options shall vest over a period of 1 to 3 years from the date of grant. The options shall be exercisable within a period of 3 years after the date of vesting. Each option shall carry the right to be issued one equity share of the Company.

Shares of KPIT Technologies Limited was last trading in BSE at Rs.124.05 as compared to the previous close of Rs. 155.05. The total number of shares traded during the day was 523130 in over 7594 trades.

The stock hit an intraday high of Rs. 138 and intraday low of 124.05. The net turnover during the day was Rs. 66739607.

Source : Equity Bulls

Keywords