Geojit Financial Services Ltd approves grant of 11,97,312 stock options

The Nomination and Remuneration Committee of the Board of Directors of Geojit Financial Services Ltd at its meeting held today, 2nd September, 2017 approved a grant of 11,97,312 stock options to the eligible employees of the Company and its subsidiaries under "Employee Stock Option Scheme - ESOS 2016" at an exercise price of Rs. 117.40 per option ( each option being convertible into one equity shares of the Company upon vesting.Subject to the SEBI (Share Based Employee Benefits) Regulations, 2014 and the terms of ESOS 2016, the options shall vest in 3 tranches commencing from October 01, 2018, subject to fulfillment of certain performance based conditions, which shall be exercisable within a period of four years from the date of vesting.

Shares of GEOJIT BNP PARIBAS FINANCIAL SERVICES LTD. was last trading in BSE at Rs.117.55 as compared to the previous close of Rs. 111.5. The total number of shares traded during the day was 254159 in over 2476 trades.

The stock hit an intraday high of Rs. 119.8 and intraday low of 111.45. The net turnover during the day was Rs. 29600912.

Source : Equity Bulls

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