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Grant of Stock Options to the Employees of the Company

| Updated on September 28, 2011 Published on September 28, 2011

SKS Microfinance Ltd has informed BSE that the Company has granted:

a) 14,86,329 stock options (which can convert into 14,86,329 equity shares of the Company upon exercise) to eligible employees subject to the terms of the ESOP 2008, ESOP 2009 and ESOP 2010 of the Company. The following are some of the terms:

1. Vesting Schedule / Vesting Period: Two years vesting schedule - 50% each year.

2. Exercise Period: Three years from the date of vesting.

3. The options were granted at an exercise price of Rs. 229.40 per option, closing price as on September 06, 2011.

b) 3,97,171 stock options (which can convert into 3,97,171 equity shares of the Company upon exercise) to eligible employees subject to the terms of the ESOP 2010 of the Company and approved allocation of 29,059 equity shares under ESPS 2007. The following are some of the terms for grant of stock options:

1. Vesting Schedule / Vesting Period: Two years vesting schedule - 50% each year.

2. Exercise Period: Three years from the date of vesting.

3. The options were granted at an exercise price of Rs. 271.10 per option, closing price as on September 26, 2011.

Source : BSE - >www.bseindia.com

Published on September 28, 2011
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