Firstsource Solutions Ltd grants 2750000 Stock Options

The Nomination and Remuneration Committee of Board of Directors of Firstsource Solutions Ltd has approved grant of 2,750,000 stock options (each option exercisable into one equity share) to the eligible employees of the Company and its subsidiaries at an exercise price of Rs. 32.25, being the latest available closing price on NSE, having higher turnover, per share under Employee Stock Option Scheme of the Company.

The terms of the Options granted under ESOS 2003 are that the Options granted shall vest over a period of 4 years with 25% of Options granted vesting at the end of 12 months from the date of grant and thereafter 12.5% each of Options shall vest at the end of every 6 months. The Exercise Period is 10 years from the date of grant of Options.

Shares of FIRSTSOURCE SOLUTIONS LTD. was last trading in BSE at Rs.31.15 as compared to the previous close of Rs. 30.4. The total number of shares traded during the day was 308015 in over 855 trades.

The stock hit an intraday high of Rs. 31.45 and intraday low of 30.85. The net turnover during the day was Rs. 9605251.

Source : Equity Bulls

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