Shree Renuka Sugars Limited has informed that the Compensation Committee of the Board of Directors of the Company constituted for implementation of Employee Stock Option has approved at its meeting held on June 09, 2009, grant of 20,00,000 Stock Options to the employees/Directors of the Company.
In accordance with the said Scheme and Stock Option Plan 2009. The price per equity share to be allotted on exercise of Options is Rs 136.95. Vesting of options is as under:
(i) 50% of the options granted to the employees/Directors shall vest on December 30, 2011
(ii) 50% of the options granted to the employees/Directors shall vest on June 28, 2013.
The options shall be exercised within one year from the date of vesting.
In accordance with the said Scheme and Stock Option Plan 2009. The price per equity share to be allotted on exercise of Options is Rs 136.95. Vesting of options is as under:
(i) 50% of the options granted to the employees/Directors shall vest on December 30, 2011
(ii) 50% of the options granted to the employees/Directors shall vest on June 28, 2013.
The options shall be exercised within one year from the date of vesting.
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