Ultratech Cement allots 60403 options under Employees Stock Options Scheme - 2006

Ultratech Cement Ltd has announced that the ESOS Compensation Committee of the Board of Directors of the Company has approved grant of 60,403 stock options to the employees of the Company, under the 'Employees Stock Option Scheme - 2006' (ESOS - 2006), each option being convertible into one Equity share of the Company upon vesting, at a price of Rs. 655/- per share.

Subject to the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999 and the terms of the ESOS - 2006, the options will vest in 4 equal installments after one year of the grant and shall be exercisable within a period of 5 years from the date of vesting.

The stock was trading at Rs.1036, down by Rs.0.90 or 0.09%. The stock hit an intraday high of Rs.1053.85 and low of Rs.1032.

The total traded quantity was 3762 compared to 2 week average of 30048.

Source : Equity Bulls

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