Jubilant Life Sciences Ltd approves exercise of ESOP Options

21,182 options under Jubilant Employees Stock Option Plan 2005 ("Plan 2005") and 92,673 options under JLL Employees Stock Option Plan 2011 ("Plan 2011") have been exercised by the option holders of Jubilant Life Sciences Ltd.

Pursuant to the terms of Plan 2005 and Plan 2011, the Nomination, Remuneration and Compensation Committee of the Company (the "Committee") has approved, on September 02, 2015, transfer of 1,98,583 equity shares of Re.1 each of Jubilant Life Sciences Limited from Jubilant Employees Welfare Trust to the eligible option holders.

Further, pursuant to the provisions of Plan 2005 read with the Scheme of Amalgamation and Demerger between the Company, Speciality Molecules Limited, Pace Marketing Specialities Limited and Jubilant Industries Limited (JIL), the Committee has also approved transfer of 5,292 equity shares of Rs.10 each of JIL to the eligible option holders.

Shares of JUBILANT LIFE SCIENCES LIMITED was last trading in BSE at Rs.331.9 as compared to the previous close of Rs. 347.15. The total number of shares traded during the day was 279258 in over 4993 trades.

The stock hit an intraday high of Rs. 347.75 and intraday low of 324. The net turnover during the day was Rs. 93184949.

Source : Equity Bulls

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