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Moneycontrol.com >> Message Board >> View Messages >> Ambuja Cements
   You are here :     Moneycontrol     MMB      Stocks      Ambuja Cements
BSE Announcements on Ambuja Cements (1)   16-May-08 11:59Tracked by (0)  
Posted by:   MMB Messenger on ( 16-May-08 11:59 )
Price : [Ambuja Cements - BSE:Rs. 110.60 NSE:Rs. 110.85 when posted]
Ambuja Cements Ltd has informed BSE that the members at the 25th Annual General Meeting (AGM) of the Company held on April 22, 2008, inter alia, have also accorded the following:

- Authority to the Board to create, offer and grant an aggregate of upto seventy-five lacs (75,00,000) options to the employees (as defined under the Guidelines) of the Company, for the Companys Financial year ended on December 31, 2007, each option convertible into one equity share of the face value of Rs 2 each on payment of such exercise price as may be decided by the Board and as per the terms and conditions framed / to be framed by the Board with regard to the Employee Stock Option Scheme for the Companys Financial Year ended on December 31, 2007 ("ESOS 2008"), subject to necessary provisions & approvals.
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