Indiabulls Ventures Limited grants 1,05,00,000 stock options

The Board constituted Compensation Committee of Indiabulls Ventures Limited at its meeting held today i.e. September 1, 2017, has, under the 'Indiabulls Ventures Limited Employees Stock Option Scheme - 2008 and Indiabulls Ventures Limited Employees Stock Option Scheme - 2009', granted an aggregate of 1,05,00,000 (One Crore Five Lakhs) Stock Options representing an equal number of equity shares of face value of Rs. 2/- each in the Company, at an exercise price of Rs. 219.65, being the closing market price on the National Stock Exchange of India Limited, as on August 31, 2017.

The Stock Options so granted, shall vest within 5 years beginning from September 2, 2018, the first vesting date. The options vested under each of the slabs, can be exercised within a period of five years from the relevant vesting date.

Shares of INDIABULLS SECURITIES LTD. was last trading in BSE at Rs.229.7 as compared to the previous close of Rs. 220.45. The total number of shares traded during the day was 770882 in over 5908 trades.

The stock hit an intraday high of Rs. 231.8 and intraday low of 220. The net turnover during the day was Rs. 176029101.

Source : Equity Bulls

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