Cholamandalam DBS Finance Ltd has informed that the Compensation & Nomination Committee of the Company at its meeting held on April 25, 2008 has approved an ESOP grant to some of the employees of the Company and its subsidiaries on the following terms:
(i) No of options granted : 468740
(ii) Exercise price : Rs 191.80/- being the closing price of the equity shares of the Company on Apri1 24, 2008 being the day prior to the date of committee approving the grant, on NSE being the exchange which recorded the highest trading.
(iii) Vesting period : Options would vest only on continued association with the Company and on the employee achieving the performance rating parameters as per the ESOP at the time of vesting of options.
Options will vest over a period of 4 years from the date of grant of options.
(iv) Exercise period : Options can be exercised anytime within a period of 3 years from the date of each vesting.
(i) No of options granted : 468740
(ii) Exercise price : Rs 191.80/- being the closing price of the equity shares of the Company on Apri1 24, 2008 being the day prior to the date of committee approving the grant, on NSE being the exchange which recorded the highest trading.
(iii) Vesting period : Options would vest only on continued association with the Company and on the employee achieving the performance rating parameters as per the ESOP at the time of vesting of options.
Options will vest over a period of 4 years from the date of grant of options.
(iv) Exercise period : Options can be exercised anytime within a period of 3 years from the date of each vesting.
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