Equitas Holdings Ltd Grants 2038500 Options

Pursuant to the authority granted by the Shareholders vide EGM Resolution passed on September 07, 2015 and ratified at the Annual General Meeting held on June 22, 2016, the Nomination, Remuneration and Governance Committee of the Board of Directors of Equitas Holdings Ltd has on October 21, 2016, approved grant of 20,38,500 options to 1095 eligible employees at Rs.183/- (Rupees One Hundred and Eighty Three Only) per option (Based on the closing price of Rs. 182.50 per share as at the close of October 20, 2016 in NSE) under the Equitas Employee Stock Option Scheme, 2015. The Scheme is in compliance with SEBI (Share Based Employee Benefits) Regulations, 2014. The grant shall be governed by the terms and conditions of Equitas Employee Stock Option Scheme, 2015.

Vesting Period : The vesting shall commence any time after the expiry of one year from the date of grant of the Options and extend upto six years. The Options could vest in tranches.

Exercise Period : All the options shall be exercised within a period of 3 years from the date of vesting.

Shares of Equitas Holdings Ltd. was last trading in BSE at Rs.176.80 as compared to the previous close of Rs.183.10. The total number of shares traded during the day was 336433 and the deliverable quantity was 140192 shares.

The stock hit an intraday high of Rs.183.95 and intraday low of 176. The net turnover during the day was Rs. 2749691.

Source : Equity Bulls

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