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Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that on March 05, 2008, pursuant to IDFC Employee Stock Option Scheme 2007, the Company had granted 2,030,000 options to its employees to subscribe 2,030,000 equity shares at a price of Rs 146.06 per equity shares. The vesting of options is spread over a period of 3 years at the ratio detailed below:

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Date of Vesting		End of the 1st		End of the 2nd		End of the 3rd
			Year			Year			Year
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Options (%)		30			30			40
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Infrastructure Development Finance Company Ltd (IDFC) has informed BSE that the Government of India, Ministry of Finance, Department of Financial Services, nominated Mr. Arun Ramanathan, Secretary (Financial Services), as its nominee Director on the Board of the Company in place of Mr. Vinod Rai.