Gujarat Gas Outcome Of Compensation Committee Meeting (05-Mar-2010)
Gujarat Gas Company Ltd has informed that the Compensation Committee at its meeting held on March 04, 2010 has granted w.e.f. March 04, 2010, 95000 stock options to the employees of its group, which gives entitlement in future to equivalent number of existing equity shares of the Company in accordance with the Gujarat Gas Company Ltd Employee Stock Option Plan 2008 (the ESOP 2008).
The applicable Exercise Price is Rs. 219.00 per equivalent equity share, being calculated at the discount of 10% of the closing price of Rs. 242.95 on National Stock Exchange Ltd, which had the largest trading volume on March 03, 2010.
It may he noted that the equity shares of the Company to be allocated to the grantees of options under the ESOP 2008, will be purchased on behalf of the grantees by the designated Trustees from the secondary/ open market at the ruling market price. Therefore no fresh issue of equity shares is involved under the ESOP 2008 and no in principle approval of the Stock Exchanges for the listing of the new equity shares is contemplated by the Company.
Top News Today
 The government has hiked the prices of petrol and diesel marginally across the country with effect from Tuesday midnight to accommodate the demand of retail dealers for higher commissions. Prices of petrol
 Aditya Birla Nuvo’s subsidiary Aditya Birla Finance has received capital infusion of Rs 300 crore from its promoter group for its business expansion plans.
The fresh fund will help the company in meeting
 The Reserve Bank of India (RBI) has urged the ministry of corporate affairs to exempt the scheduled banks from the class action suits that formulate a part of the proposed new Companies Act. The proposed
|
Live Market Discussions With Site Visitors
|
|
Recent Board-Meetings News
|
|