28th-Oct-2011 09:21Source: NSE

Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment And Finance Company Limited has informed the Exchange that the Compensation & Nomination Committee at its meeting held on October 27, 2011 has approved an ESOP grant to some of the employees of the Company and its subsidiaries on the following terms :- No of options granted : 1,95,680, Exercise price : Rs. 154.55/- being the closing price of the equity shares of the Company on October 26, 2011 (the working day prior to the date of committee approving the grant) on NSE being the exchange which recorded the highest trading, 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 scheme. Options will vest over a period of 4 years from the date of grant of options, Exercise period : Options can be exercised anytime within a period of 3 years from the date of each vesting.