Astec Lifesciences Ltd Grants 86000 Options under Employee Stock Options Plan, 2012

The ESOP Compensation Committee of the Board of Directors of Astec Lifesciences Ltd at its meetings held on January 31, 2015 and May 16, 2015 has granted 86,000 and 40,000 Options respectively, aggregating to 1,26,000 Options under "Astec Employees Stock Options Plan, 2012" ("ESOP 2012") at the exercise price of Rs. 34/- (Rupees Thirty Four Only) per option.

Vesting conditions and Exercise period of the Options will be as per the terms and conditions of the ESOP 2012. These Options shall vest in the employees over a period of 4 years from the date of grant of Options as per ESOP 2012 and the employees shall have a period of 7 years to exercise the Options vested in them. Upon exercise, each Option shall result into one Equity Share of Rs.10/- each.

Shares of ASTEC LIFESCIENCES LIMITED was last trading in BSE at Rs.225.4 as compared to the previous close of Rs. 229.5. The total number of shares traded during the day was 7355 in over 235 trades.

The stock hit an intraday high of Rs. 235.3 and intraday low of 224. The net turnover during the day was Rs. 1683871.

Source : Equity Bulls

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