Bajaj Electricals Ltd grants 240000 stock options

The Nomination and Remuneration Committee of the Board of Directors of Bajaj Electricals Ltd, at its meeting held on November 10, 2016, has granted 2,40,000 Stock Options under ESOP 2015 from the available Stock Options to 27 eligible employees, at a price of Rs.243.25 per option, being the closing price on NSE where the traded volume was high on a day preceding to the date of Meeting. These options will vest in favour of the option grantees over a period of 4 years from the date of grant as per the terms of the Scheme.

The Stock Options granted so far under ESOP 2015, including the current grant, are within the plan size of 30,27,073 stock options.

Shares of BAJAJ ELECTRICALS LTD. was last trading in BSE at Rs.230.85 as compared to the previous close of Rs. 244.6. The total number of shares traded during the day was 117547 in over 3172 trades.

The stock hit an intraday high of Rs. 250 and intraday low of 229.85. The net turnover during the day was Rs. 28077022.

Source : Equity Bulls

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