Educomp Solutions grants 876750 Stock Options under ESOP Scheme, 2010

Educomp Solutions Ltd has announced that Remuneration committee of the Company on 1st, 2nd and 3rd of June, 2010 has granted 8,76,750 Stock Options to eligible employees / Directors of the Company and its Subsidiaries at the prevailing market price under ESOP Scheme 2010.

7,76,750 Stock Options have been granted to eligible employees of the Company and its subsidiaries. 1,00,000 Stock Options have been granted to Independent Non-Executive Directors of the Company.

The Vesting and Exercise period of the stock options are as per the terms and conditions of the ESOP Scheme 2010. Each Stock Option, if exercised, shall be eligible for conversion in to one equity share of the face value of Rs. 2/- each.

The stock was trading at Rs.545.60, down by Rs.7.55 or 1.36%. The stock hit an intraday high of Rs.565 and low of Rs.542.80.

The total traded quantity was 834298 compared to 2 week average of 1011951.

Source : Equity Bulls

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