JM Financial - Grant of Options
JM Financial Ltd has informed BSE that the Company has granted 445,500 options giving rise to issuance of equivalent number of equity shares of the face value of Rs 10/- each to the eligible employees / directors of the Company and its subsidiaries (the employees). The said options will be vested in the employees in three tranches (1/3rd each) commencing from the completion of third, fourth and fifth year from the date of grant of options viz., April 15, 2008. The options vested in the employees are exercisable within 7 years from the date of grant of the said options.
Tags: JM Financial