Allotment of ESOP / ESPS

| Updated on January 31, 2018 Published on December 13, 2017

Dear Sir,
We were granted in-principle approval for the issue and allotment of 13,55,000 equity shares under Companys ESOP Scheme 2006 in terms of Clause 22.1 (b) of SEBI (ESOS and ESPS) guidelines 1999 and Regulation 10 (b) of the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations 2014.

The Banking and Securities Management Committee as empowered by our board of directors in its meeting held on December 13, 2017 allotted 100 (negligible % of paid up equity share capital) Equity Shares of ` 35 each (including ` 25 as premium) to one employee of the Company who exercised their options under ESOP Scheme 2006. As intimated by the said employee, we intimate the allotment of shares made under regulation 7(2) under Chapter III of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 and other applicable regulations.

We request you to take this on record.

Pdf Link: Allotment of ESOP / ESPS

Source : BSE - www.bseindia.com

Published on December 13, 2017
This article is closed for comments.
Please Email the Editor