Others

Kpit Technologies Ltd - KPIT Technologies Limited Has Informed The Exchange Regarding Grant Of 3558500 Options And Grant Of 34485 Equity Shares.

| Updated on July 26, 2019 Published on July 26, 2019

We wish to inform you that Nomination and Remuneration (HR) Committee of the Board of Directors of the Company, at its meeting held on July 25, 2019, has approved the following:-
A.Grant of 35,58,500 (Thirty Five Lakhs Fifty Eight Thousand Five Hundred) Options to the eligible employees of the Company and its subsidiary company(ies), in or outside India (if any) under KPIT Technologies Limited-Employee Stock Option Scheme 2019A, at an exercise price of Rs. 85.05/- per share (being the closing price of the shares of the Company on the National Stock Exchange of India Limited on the previous trading day) to the employee(s) of the Company on the following terms:-
1.The options shall vest over a period of 1 to 4 years from the date of grant.
2.The options shall be exercisable within a period of 5 years after the date of vesting
3.Each option shall carry the right to be issued one equity share of the Company.
B.Grant of 34,485 (Thirty Four Thousand Four Hundred and Eighty Five) equity shares of face value of Rs.10/- (Rupees Ten) each of the Company made to the eligible employees of the Company and its subsidiary company(ies), in or outside India (if any) under KPIT Technologies Limited-Employee Stock Purchase Scheme 2019, at a price of Rs. 10/- (Rupees Ten) per share to the employee(s) of the Company.
These shares shall be transferred from trusts existing shareholding comprising of equity shares acquired from primary/fresh issue and secondary market pursuant to the Scheme and shall not be transferable in any manner i.e. lock in period is of 1 (one) year.

Pdf Link: Kpit Technologies Ltd - KPIT Technologies Limited Has Informed The Exchange Regarding Grant Of 3558500 Options And Grant Of 34485 Equity Shares.

Source : BSE - www.bseindia.com

Published on July 26, 2019
This article is closed for comments.
Please Email the Editor