Indiabulls Real Estate Ltd regrants stock options

The Compensation Committee of the Board of Directors of Indiabulls Real Estate Ltd has, at its meeting held on June 26, 2015, re-granted, out of the existing pool, 1,05,00,000 (One Crore Five lacs) Stock Options, under the "Indiabulls Real Estate Limited Employees Stock Options Plan 2010", representing an equal number of equity shares of face value of Rs. 2/- each in the Company, at an exercise price of Rs. 54.50, being the latest available closing market price on the National Stock Exchange of India Ltd. as on June 25, 2015. The Stock Options so granted, shall vest within 5 years beginning from June 27, 2016, the first vesting date. The options vested under each of the slabs, can be exercised within a period of five years from the relevant vesting date.

Shares of INDIABULLS REAL ESTATE LTD. was last trading in BSE at Rs.57.6 as compared to the previous close of Rs. 54.55. The total number of shares traded during the day was 3484077 in over 12617 trades.

The stock hit an intraday high of Rs. 59.65 and intraday low of 52.4. The net turnover during the day was Rs. 199671222.

Source : Equity Bulls

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