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Grant of Stock Options

| Updated on October 11, 2014 Published on October 11, 2014

Indiabulls Housing Finance Ltd has informed BSE that the Compensation Committee constituted by the Board of Directors of the Company has, at its meeting held on October 11, 2014, granted, under the "Indiabulls Housing Finance Limited Employees Stock Option Scheme - 2013", 1,05,00,000 (One Crore Five lacs) Stock Options representing an equal number of equity shares of face value of Rs. 2/- each in the Company, at an exercise price of Rs. 394.75, being the latest available closing market price on the National Stock Exchange of India Ltd., as on October 10, 2014. The Stock Options so granted, shall vest within 5 years beginning from October 12, 2015, the first vesting date. The options vested under each of the slabs, can be exercised within a period of five years from the relevant vesting date.

Source : BSE - >www.bseindia.com

Published on October 11, 2014
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