Bharat Financial Inclusion Ltd grants 72200 stock options

Bharat Financial Inclusion Ltd has granted 72,200 stock options (which would get converted into 72,200 equity shares of the Company upon exercise) to the eligible employees subject to the terms of the Employee Stock Option Plans of the Company on August 1, 2017.

The main terms relating to the aforesaid grant are given below:

1. Exercise Price: Rs. 844.80 per Share; and
2. Vesting Schedule: Four years - 25% at the end of each year.

Shares of Bharat Financial Inclusion Ltd. was last trading in BSE at Rs.851.6 as compared to the previous close of Rs. 845.9. The total number of shares traded during the day was 112072 in over 2363 trades.

The stock hit an intraday high of Rs. 856.5 and intraday low of 840.75. The net turnover during the day was Rs. 95249972.

Source : Equity Bulls

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