Sadbhav Engineering Grants Options under ESOS

Sadbhav Engineering Ltd has announced that the Remuneration Committee of the Board of Directors of the Company held on October 04,2010, has granted 2,50,000 stock options to the eligible employees, under the "Employees Stock Options Schemes 2008" (ESOS- 2008), each option being convertible into one Equity Shares of the Company upon vesting, at a price of Rs. 500 per Equity Share. The Options will vest in 4 equal installments after one year of the grant and shall be exercisable within a period of 3 years from the date of vesting.

The stock was trading at Rs.1475, down by Rs.4.45 or 0.30%. The stock hit an intraday high of Rs.1510 and low of Rs.1475.

The total traded quantity was 172 compared to 2 week average of 1546.

Source : Equity Bulls

Keywords