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Bajaj Finserv

16th-Sep-2020 12:37Source: BSE

Bajaj Finserv - Announcement under Regulation 30 (LODR)-Meeting Updates

This is to inform you that pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated 9 September 2015 and subject to the provisions of SEBI (Share Based Employee Benefits) Regulations, 2014, the Compensation Committee of the Board, at its meeting held on 16 September 2020, has granted 12,337 stock options convertible into 12,337 equity shares of Rs. 5 each to the eligible employee of the Company under the BFS-ESOS at an exercise price of Rs. 6,115.55 (Rupees Six Thousand One Hundred fifteen and fifty-five paisa only) per option, being the closing market price as on 15 September 2020 on NSE or BSE with highest trading volume. Each of the stock option entitles the holder to apply for one equity share of the Company of face value of Rs. 5 each.

Details of the same are enclosed.

Kindly take the same on record.