Hinduja Global Solutions Ltd grants 42095 stock options

The Nomination and Remuneration Committee of Hinduja Global Solutions Ltd at its Meeting held on November 6, 2015 have granted 42,095 stock options to the employees, each option giving an employee the right to be allotted one fully paid-up equity share of the Company, pursuant to the Hinduja Global Solutions Limited Employee Stock Option Plan 2008, and the resolutions passed by the shareholders at the General Meeting of the Company held on September 27, 2008.

The price was fixed as Rs. 471.00 (being the closing price on November 5, 2015 on the National Stock Exchange of India Ltd. on which highest volume of Company's shares were traded).

The Vesting Period for these options are:

- 1/6th of the Options granted w/ill vest on the first anniversary of the Grant Date.
- 1/3rd of the Options granted will vest on the second anniversary of the Grant Date.
- 1/2 of the Options granted will vest on the third anniversary of the Grant Date.

An optionee may exercise his/ her Vested Options in part or in whole at any day after the earliest applicable Vesting date and prior to the completion of the 48th month from the Grant Date.

Shares of HINDUJA GLOBAL SOLUTIONS LTD. was last trading in BSE at Rs.470 as compared to the previous close of Rs. 463.6. The total number of shares traded during the day was 497 in over 20 trades.

The stock hit an intraday high of Rs. 475 and intraday low of 460.5. The net turnover during the day was Rs. 232498.

Source : Equity Bulls

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