Indiabulls Financial Services Grants 2 lac Stock Options

Indiabulls Financial Services Ltd has announced that the Compensation Committee constituted by the Board of Directors of the Company has, at its meeting held on January 11, 2011, granted 2,00,000 (Two Lac) Stock Options, under the "Employees Stock Option Plan 2008", representing an equal number of equity shares of face value Rs. 2/- each in the Company, at an exercise price of Rs. 153.65, being the latest available closing market price on the National Stock Exchange of India Ltd., as on January 10, 2011. The Stock Options so granted, shall vest within 10 years beginning from January 11, 2012, being the first vesting date. These options can be exercised, by the grantees, within a period of five years from the relevant vesting date.

The stock closed the day at Rs.154.50, up by Rs.1.35 or 0.88%. The stock hit an intraday high of Rs.158 and low of Rs.152.75.

The total traded quantity was 1.60 lakhs compared to 2 week average of 3.53 lakhs.

Source : Equity Bulls

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