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Outcome of Nomination and Remuneration Committee Meeting

| Updated on October 01, 2014 Published on October 01, 2014

Hinduja Global Solutions Ltd has informed BSE that the Nomination and Remuneration Committee of the Company at its Meeting held on September 29, 2014 have granted 3,500 stock options to the employees, each option giving the employees the right to be allotted one fully paid-up equity share of the Company, pursuant to the Hinduja Global Solutions Limited Employee Stock Option Plan 2011, and the resolution passed by the shareholders at the General Meeting of the Company held on August 01, 2011 inter alia on the following terms and conditions:

1. Price: Rs. 649.25 (being the closing price on September 26, 2014 at the National Stock Exchange).

2. Vesting Period:

- 0.16 of the Options granted will vest at the end of one year from the Grant Date
- 0.17 of the Options granted will vest at the end of 18 months from the Grant Date
- 0.17 of the Options granted will vest at the end of 24 months from the Grant Date
- 0.25 of the Options granted will vest at the end of 30 months from the Grant Date
- 0.25 of the Options granted will vest at the end of 36 months from the Grant Date

3. Time Limit of Exercise of option: An optionee may exercise his / her Vested Options, in part or in whole any day after the earliest applicable Vesting date and prior to completion of the 24th months from the earliest applicable Vesting Date of such Vested Options.

Source : BSE - >www.bseindia.com

Published on October 01, 2014
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