The committee of Marico has approved the allotment of 29,000 equity shares of the company of the face value of Re 1 each under the existing Marico Employees Stock Options Scheme 2007. Consequent to the above allotment, the paid-up equity share capital of the company has increased from 60,90,00,000 equity shares of Re 1 each aggregating Rs 60,90,00,000 to 60,90,29,000 equity shares of Re 1 each aggregating Rs 60,90,29,000.
The committee has approved the grant of 88,800 stock options to certain eligible employees pursuant to ESOP scheme of the company. The grant price is Rs 70.30 per option. The vesting period and the exercise period both range from 1 year to 5 years.
This was approved by the committee of directors on 19 June 2009. The Grant price is Rs 70.30 per option. The Vesting period and the Exercise Period both range from 1 year to 5 years.
The committee has approved the grant of 88,800 stock options to certain eligible employees pursuant to ESOP scheme of the company. The grant price is Rs 70.30 per option. The vesting period and the exercise period both range from 1 year to 5 years.
This was approved by the committee of directors on 19 June 2009. The Grant price is Rs 70.30 per option. The Vesting period and the Exercise Period both range from 1 year to 5 years.
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