Indiabulls Securities Grants 2050000 ESOPs

Indiabulls Securities Ltd has announced that the Compensation Committee constituted by the Board of Directors of the Company at its meeting held on April 12, 2010, has granted, under the "Indiabulls Securities Limited Employees Stock Option Scheme - 2009", 20,50,000 (Twenty lacs fifty thousand) Stock Options representing an equal number of equity shares of face value Rs. 2/- each in the Company, at an exercise price of Rs. 31.35, being the latest available closing market price on the National Stock Exchange of India Ltd., as on April 09, 2010. The Stock Options so granted, shall vest within 10 years beginning from April 13, 2011, the first vesting date. The options granted under each of the slabs, can be exercised within a period of five years from the relevant vesting date.

The stock closed the day at Rs.31.50, up by Rs.0.15 or 0.48%. The stock hit an intraday high of Rs.32.85 and low of Rs.31.05.

The total traded quantity was 956255 compared to 2 week average of 745795.

Source : Equity Bulls

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