Bajaj Finance Ltd grants 16350 stock options

The Compensation Committee of the Board of Bajaj Finance Ltd at, its meeting held on 16 October 2017, has granted 16,350 Stock Options to the eligible employee of the Company under the Employee Stock Option Scheme 2009 at an exercise price of Rs. 1953.05 per option. Each of the stock option entitles the holder to apply for one equity share of the Company of Rs. 2 face value.

The following are the main terms of the options granted:

a) Vesting Period: The options would vest not earlier than 1 year and not later than 5 years from the date of grant of Options.
b) Exercise Period: The Stock Options are exercisable within 5 years from the respective date of vesting.

Shares of Bajaj Finance Limited was last trading in BSE at Rs.1955 as compared to the previous close of Rs. 1951.8. The total number of shares traded during the day was 37564 in over 1893 trades.

The stock hit an intraday high of Rs. 1971 and intraday low of 1949.1. The net turnover during the day was Rs. 73494891.

Source : Equity Bulls

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