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Corporate Announcement

Security Code : 530377    Company : NILA    
 
Outcome of Compensation Committee Meeting 28 Nov 2014 18:34
Nila Infrastructures Ltd has informed BSE that a meeting of the members of the Compensation Committee of the Employee Stock Option Scheme of the Company "Nila Infrastructures Ltd ESOP - 2014" was held on November 28, 2014, wherein the Committee has granted, in aggregate 11000000 (One Crore and Ten Lacs Only) Stock Options to the employees of the Company at a price of Rs. 6.64/- (being "the Market Price" as defined under the SEBI (ESOP and ESOS) Guideline, 2009) per Option. These Options shall vest after completion of 1 (one) year, in tranches, within a span of 5 (five) years from the date of grant, and can be exercised within 3 (three) years from the date of vesting.
 

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