Bajaj Finserv Board Approved The Equity Share Of Employee Scheme - May 20, 2009

Bajaj Finserv Ltd has informed that the Board of Directors of the Company at its meeting held on May 20, 2009, inter alia, has approved, subject to the approval of shareholders at the ensuing Annual General Meeting, the Employee Stock Option Scheme (ESOS scheme), in terms of provisions of SEBI (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999, for the benefit of permanent employees (management category) of the Company, its, holding and subsidiary Companies for a grant of options upto a maximum of 2,200,000 (Nos.) (approximately 1.5% of the present paid up capital).