Indiabulls Power Grants 1045000 Stock Options

Indiabulls Power Ltd has announced that the Compensation Committee of the Board of Directors of the Company in its meeting held on December 01, 2010, has granted 10,45,000 (Ten lac forty five thousand only) stock options to certain eligible employees, in terms of the ESOP Plan.

These options represent an equal number of Equity shares of face value Rs. 10 each in the Company and shall vest in the option grantees within ten years beginning from December 02, 2011, the first vesting date. Further the options granted under each slab, can be exercised by the grantees within a period of five years from the relevant vesting date.

The stock closed the day at Rs.27.45, down by Rs.0.30 or 1.08%. The stock hit an intraday high of Rs.27.85 and low of Rs.27.20.

The total traded quantity was 2.26 lakhs compared to 2 week average of 3.43 lakhs.

Source : Equity Bulls

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