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S&P
BSE SENSEX
73,966.43
+113.49
+0.15 %
Corporate Announcement
Security Code
538835
Company
Intellect Design Arena Ltd
Exchange Received Time
07/08/2020 19:46:56
Exchange Disseminated Time
07/08/2020 19:47:04
Time Taken
00:00:08
Granting Of Fresh 847,500 RSU''s To 310 Associates. |
08/07/20 19:46
Pursuant to the approval accorded by the members of Nomination and Remuneration & Compensation Committee of the Company at its meeting held on 05th August, 2020, the following RSU's have been granted to Three Hundred and Ten(310) Associates as detailed below:
The Grant Price has been arrived on the following basis :
Intellect Incentive Plan Scheme 2018(RSU)- Grant price is Rs. 5/-.
Incentive Scheme 2018-RSU's
Option granted under Intellect Incentive Plan Scheme 2018 (Incentive Scheme 2018) shall vest not earlier than minimum period of 1 (one) year and not later than maximum period of 5 (five) years from the date of Grant.
On the expiry of the vesting period, the associates have the right to convert the RSU's into Shares either in full or in tranches at any time during the exercise period as provided under the Scheme.
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