United Phosphorus - Grant of Stock Options
United Phosphorus Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 28, 2008, had approved the issue of 15,00,000 stock options under the Employees Stock Option Plan, 2008, a meeting of Compensation Committee was held on May 02, 2008 and 10,12,192 stock options were granted to the Eligible Employees entitling them to subscribe to equivalent number of shares of Rs 2 each of the Company at the rate of Rs 162 per share, which is at 50% discount to the market price of the shares as provided under the SEBI Guidelines.
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