NOCIL Ltd allots 11,60,200 Stock Options

The Nomination and Remuneration Committee of the Board of Directors of NOCIL Ltd at its meeting held on 16th March 2017 has granted 11,60,200 Stock Options under the Company's Employees Stock Options Scheme (ESOS) w.e.f. 16th March 2017 to certain Senior Managerial personnel of the Company.

No. of Stock Options granted w.e.f.16th March 2017 - 11,60,200

No. of Equity Shares covered by such Stock Options - 11,60,200

Exercise price - Rs. 84.05 (closing price on NSE on the previous day of grant of Options i.e. 15th March 2017)

Vesting period - To be vested in 4 equal annual installments beginning at the end of one year from the date of grant.

Exercise period - Exercise period would commence one year from the date of grant and will expire on completion of 10 years from the date of grant of options.

Shares of NOCIL LTD. was last trading in BSE at Rs.86.7 as compared to the previous close of Rs. 84.85. The total number of shares traded during the day was 806438 in over 5899 trades.

The stock hit an intraday high of Rs. 88.5 and intraday low of 86. The net turnover during the day was Rs. 70352316.

Source : Equity Bulls

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