Motilal Oswal Financial Services Ltd records lapse of 6000 options

The Nomination and Remuneration / Compensation Committee of Motilal Oswal Financial Services Ltd at its Meeting held on April 30, 2015, have noted and has taken on record, lapse of total 6,000 Employee Stock Options of the Company under 'Motilal Oswal Financial Services Limited- Employees' Stock Option Scheme - VI' (ESOP Scheme VI) of the Company.

The Committee has also granted 1,80,000 Employee Stock Options under 'Motilal Oswal Financial Services Limited - Employees' Stock Option Scheme - VII' (ESOP Scheme VII) at Rs. 290 per stock option.

The Stock Options granted under ESOP Scheme VII shall be exercised within a period of 36 months from the date on which the options become exercisable. However in respect of resignation, the options shall be exercised by the employees within a period of 12 months from the date of resignation or such extended period as may be decided by the Nomination and Remuneration/Compensation Committee of the Company.

Shares of MOTILAL OSWAL FINANCIAL SERVICES LTD. was last trading in BSE at Rs.300.5 as compared to the previous close of Rs. 289.85. The total number of shares traded during the day was 77253 in over 4468 trades.

The stock hit an intraday high of Rs. 318.3 and intraday low of 290.15. The net turnover during the day was Rs. 23772814.

Source : Equity Bulls

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