Ujjivan Financial Services Ltd grants 1696850 Options

Pursuant to the authority granted by the Shareholders' approval in their EGM held on November 03, 2015 and ratified by the Shareholders at the AGM held on August 10, 2016, the Governance, Nomination and Remuneration Committee of the Board of Directors of Ujjivan Financial Services Ltd in their meeting held on September 14, 2016 has approved a grant of 16,96,850 options to 3,880 employees of the Company at the current market price of Rs. 417.15 (Rupees Four Hundred Seventeen and Paisa Fifteen) per option (based on the closing market price of Rs. 417.15 of the Company's shares in NSE on September 12, 2016) under the Ujjivan Employee Stock Option Scheme, 2015 (ESOP Scheme 2015).

Source : Equity Bulls

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