A2Z Infra Engineering to grant 45 lakh stock options
08/07/2015 10:50

EPC services provider A2Z Infra Engineering Ltd said its ESOP Compensation Committee had decided to grant forty five lakh stock options to the eligible employees of the company and its subsidiary companies under A2Z Employee Stock Option Plan, 2014 (ESOP Scheme).

These options are convertible into equity shares of Rs 10 each at the time of exercise of option. The exercise price of the option is Rs 15.50 each which is NSE closing market price as of the end of the trading hours on July 03, 2015, the company said in a filing to the BSE.

The company further said that vesting conditions and exercise period for the stock options has decided by the Compensation Committee as per the terms and conditions of the respective ESOP Scheme.

Meanwhile, shares of the company were trading at Rs 21.45 apiece, up 0.19 per cent, from previous close on BSE at 10:49 hours.