Majesco Ltd Grants 15000 Employee Stock Options

The Nomination and Remuneration Committee of the Board of Directors of Majesco Ltd at its meeting held on June 13, 2016 granted 15000 stock options (ESOP's) to the eligible employees.

The options are granted at the market price of Rs. 544.80/- per share. On exercise of the option, one equity share of face value of Rs. 5/- each shall be allotted per option. The options shall vest at the rate of 25% at the end of each year from the date of grant.

The first option shall vest only after a period of twelve months from the date of grant. The vested options can be exercised within a period of seven years from the date of vesting.

Source : Equity Bulls

Keywords