Eicher Motors Ltd Grants 2400 options under ESOP Scheme

The Nomination and Remuneration Committee of Board of Directors of Eicher Motors Ltd at their meeting held on April 27, 2016 has granted 2,400 options under ESOP Scheme of the Company.

All options shall be exercisable in three equal tranches after the end of 3rd, 4th and 5th year from the grant date. Upon exercise, each option shall result into one equity share of Rs. 10/- each.

The meeting of Nomination and Remuneration Committee commenced at 5:10 PM and concluded at 6:00 PM.

Shares of EICHER MOTORS LTD. was last trading in BSE at Rs.20173 as compared to the previous close of Rs. 20167.4. The total number of shares traded during the day was 1426 in over 513 trades.

The stock hit an intraday high of Rs. 20200 and intraday low of 20060.35. The net turnover during the day was Rs. 28691318.

Source : Equity Bulls

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