Bharat Financial Inclusion Ltd grants 34,02,731 stock options

Bharat Financial Inclusion Ltd, on October 14, 2017, has granted 34,02,731 stock options (which would get converted into 34,02,731 equity shares of the Company upon exercise) to eligible employees subject to the terms of the Employee Stock Option Plans of the Company. The main terms relating to the aforesaid grant are given below:

1. Exercise Price: Rs.1004.00 per share; and
2. Vesting Schedule: End of 1st Year-33%, End of 2nd Year-33% and End of 3rd Year-34%.

Shares of Bharat Financial Inclusion Ltd was last trading in BSE at Rs.1003.45 as compared to the previous close of Rs. 999.7. The total number of shares traded during the day was 126135 in over 2405 trades.

The stock hit an intraday high of Rs. 1010 and intraday low of 994. The net turnover during the day was Rs. 126481489.

Source : Equity Bulls

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