UltraTech Cement Ltd grants 29369 options under ESOS-2013

The Nomination, Remuneration and Compensation Committee of the Board of Directors of UltraTech Cement Ltd has approved grant of 29,369 Stock Options at an exercise price of Rs. 3,681/- per stock option exercisable into the same number of equity shares of Rs. 10/- each and 10,374 Restricted Stock Units at an exercise price of Rs. 10/- each exercisable into the same number of equity shares of Rs. 10/- each to eligible employees of the Company under the Employee Stock Option Scheme - 2013 ('ESOS-2013").

Subject to the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the terms of the ESOS-2013, the Stock Options will vest in four equal installments after one year of the date of grant and Restricted Stock Units will vest after three years from the date of grant which shall be exercisable within a period of five years from the date of vesting.

Shares of ULTRATECH CEMENT LTD. was last trading in BSE at Rs.3737.5 as compared to the previous close of Rs. 3726.9. The total number of shares traded during the day was 7755 in over 1334 trades.

The stock hit an intraday high of Rs. 3772.35 and intraday low of 3720. The net turnover during the day was Rs. 29007154.

Source : Equity Bulls

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