Arvind Ltd Grants 900000 Stock Options

The Nomination and Remuneration Committee of Arvind Ltd, vide its Resolution dated August 22, 2016, has granted 9,00,000 (Nine Lakh) stock options to an eligible Employee / Director of the Company under "Grant - August, 2016" pursuant Employees Stock Option Scheme - 2008 (ESOS 2008). In terms of the ESOS 2008, one stock option represents one equity share of the Company. The stock options shall vest in the grantee one year from the date of grant or as may be determined by the Company.

The grantee shall be entitled to exercise the options vested in him, within five years from the date of vesting.

Shares of ARVIND LTD. was last trading in BSE at Rs.313.65 as compared to the previous close of Rs. 316.15. The total number of shares traded during the day was 118557 in over 2164 trades.

The stock hit an intraday high of Rs. 320 and intraday low of 311.6. The net turnover during the day was Rs. 37349547.

Source : Equity Bulls

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