SORIL Infra Resources Ltd grants 45,66,600 stock options

The Board constituted Compensation Committee of SORIL Infra Resources Ltd at its meeting held today i.e. November 3, 2017, has granted an aggregate of 45,66,600 (Forty Five Lakhs Sixty Six Thousand Six Hundred) Stock Options under the Company's Employee Stock Option Scheme, representing an equal number of equity shares of face value of Rs. 2/- each in the Company, at an exercise price of Rs. 105.20, being the closing market price on the BSE Limited, as on November 2, 2017.

The Stock Options so granted, shall vest within five years beginning from November 3, 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 SORIL Infra Resources Ltd was last trading in BSE at Rs.165.9 as compared to the previous close of Rs. 167.9. The total number of shares traded during the day was 28344 in over 475 trades.

The stock hit an intraday high of Rs. 171.9 and intraday low of 164.1. The net turnover during the day was Rs. 4764707.

Source : Equity Bulls

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