Sterlite Technologies Ltd Grants 150000 options under Employee Stock Option Scheme

In terms of Sterlite Technologies Ltd's Employees Stock Option Scheme 2010 (ESOP 2010), 150,000 options exercisable into equal number of fully paid-up equity shares of the Company, at an exercise price of Rs.2/- per option, have been granted to eligible employees in the meeting of the Nomination and Remuneration Committee of the Board held on January 18, 2017.

These stock options shall vest over a period of 5 years and shall be capable of being exercised within a period of one year from the date of vesting.

Shares of STERLITE TECHNOLOGIES LTD. was last trading in BSE at Rs.110.7 as compared to the previous close of Rs. 108.85. The total number of shares traded during the day was 459449 in over 6224 trades.

The stock hit an intraday high of Rs. 113.4 and intraday low of 109.1. The net turnover during the day was Rs. 51208081.

Source : Equity Bulls

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