Future Lifestyle Fashions Ltd Grants 395476 Options

The Nomination and Remuneration Committee of the Board of Directors of Future Lifestyle Fashions Ltd vide circular resolution dated August 31, 2015, has approved grant of Options to the eligible employees of the Company under the FLFL Employees Stock Options Scheme 2013 of the Company.

The Number of Options granted is 3,95,476 and the vesting period is after the expiry of 12 months, 18 months and 24 months from the date of grant, as the case may be.

The Exercise Period is not later than 3 years from the date of vesting and the exercise price is Rs. 10/- per equity share. Each Option is convertible into one Equity Share of Rs. 2/- each.

Shares of Future Lifestyle Fashions Ltd was last trading in BSE at Rs.68.5 as compared to the previous close of Rs. 69.95. The total number of shares traded during the day was 4718 in over 69 trades.

The stock hit an intraday high of Rs. 71 and intraday low of 68.45. The net turnover during the day was Rs. 329949.

Source : Equity Bulls

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