Unichem Laboratories grants 3 lakh ESOPs

Unichem Laboratories Ltd has announced that the Compensation Committee of the Board of Directors of the Company at its meeting held on June 17, 2009, has granted 3,00,000 (Three Lacs) equity shares to the Employees of the Company in terms of its Employee Stock Option Scheme - 2008.

Against each option, the grantee will have a right to apply for and get allotted one equity share at an exercise price of Rs 115/- (Rupees One Hundred and Fifteen only). The vesting period for the said options is in a graded manner over five years as prescribed in the scheme.

Source : Equity Bulls

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