Grant of Employee Stock Options under ESOP Scheme

Updated on: Nov 12, 2014

Sequent Scientific Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company has granted 200,000 stock options. These options are to be vested over a period of 4 years @ 25% per year and the exercise price per option will be Rs. 50/- for first year, Rs. 60/- for second year, Rs. 70/- for third year and Rs. 80/- for fourth year. These options are convertible into equivalent number equity shares of the Company having face value of Rs. 10 each.

Source : BSE - >www.bseindia.com

Published on November 12, 2014

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