India Infoline Ltd has informed that the Board of Directors of the Company at its meeting held on November 17, 2008, inter alia, has approved the following:
1. (a) Draft Employee Stock Option Scheme, 2008 (ESOS 2008) providing for 50 Million Options to eligible Employees, Directors of the Company and the Subsidiaries.
(b) Considered the proposed grant of ESOPs of more than 1% of the issued capital under the above proposed scheme to identified employees.
2. Proposal of repricing and modification of terms of ESOPs issued under Employee Stock Option Plan, 2005 and Employee Stock Option Plan, 2007.
3. The above are subject to the approval of the Shareholders in the Extra-Ordinary General Meeting of the Company scheduled on December 15, 2008.
4. Accepted the surrender of 55 Million Equity warrants issued under preferential allotment to identified persons including Promoters on July 04, 2007 and cancellation of the warrants.
1. (a) Draft Employee Stock Option Scheme, 2008 (ESOS 2008) providing for 50 Million Options to eligible Employees, Directors of the Company and the Subsidiaries.
(b) Considered the proposed grant of ESOPs of more than 1% of the issued capital under the above proposed scheme to identified employees.
2. Proposal of repricing and modification of terms of ESOPs issued under Employee Stock Option Plan, 2005 and Employee Stock Option Plan, 2007.
3. The above are subject to the approval of the Shareholders in the Extra-Ordinary General Meeting of the Company scheduled on December 15, 2008.
4. Accepted the surrender of 55 Million Equity warrants issued under preferential allotment to identified persons including Promoters on July 04, 2007 and cancellation of the warrants.
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