KPIT Technologies Limited grants 150000 options

The Nomination & Remuneration (HR) Committee of the Board of Directors of KPIT Technologies Limited, at its meeting held on April 25, 2017, has approved the grant of 150,000 options under the Employees Stock Option Scheme 2015, at an exercise price of Rs. 131.20/- per share to the employee(s) of the Company.

The terms are:

1) The options shall vest over a period of 1 to 3 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.

Shares of KPIT Technologies Limited was last trading in BSE at Rs.129.4 as compared to the previous close of Rs. 131.05. The total number of shares traded during the day was 138448 in over 1968 trades.

The stock hit an intraday high of Rs. 133.3 and intraday low of 127.45. The net turnover during the day was Rs. 18144695.

Source : Equity Bulls

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