Balaj Electricals Ltd grants 20000 stock options

The Nomination and Remuneration Committee of the Board of Directors of Balaj Electricals Ltd at its meeting held today i.e. on 29 March 2017, has granted 20,000 Stock Options exercisable into an equal number of Equity Shares under Employee Stock Option Plan 2015 ('ESOP 2015') to 5 eligible employees, at a price of Rs.310.15 per option, being the closing price on the day preceding to the date of the Meeting on National Stock Exchange (NSE) where the traded volume was high.

These options will vest in the favour of the option grantees over a period of 4 years from the date of grant as per ESOP 2015. The Stock Options granted are within the Plan Size of 30,27,073 Stock Options under ESOP 2015.

Shares of BAJAJ ELECTRICALS LTD.-$ was last trading in BSE at Rs.315.9 as compared to the previous close of Rs. 309.9. The total number of shares traded during the day was 65304 in over 594 trades.

The stock hit an intraday high of Rs. 318.05 and intraday low of 309.7. The net turnover during the day was Rs. 20354904.

Source : Equity Bulls

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