News Analysis

Aditya Birla Fashion and Retail informs about grant of stock options

Updated on 03 December 2019 04:54 PM

Aditya Birla Fashion and Retail has informed that, the Nomination and Remuneration Committee of the Board of Directors vide its resolution dated December 2, 2019, has approved the grant of 44,61,261 Stock Options comprising of Options and Restricted Stock Units to eligible employees of the Company under the said scheme. The said Scheme will be administered by ABFRL Employee Welfare Trust in accordance with the provisions of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014; and involve secondary acquisition of equity shares of the Company, by the Trust through recognized stock exchanges in compliance with SEBI SBEB Regulations and other applicable laws. The details of grant are given under the Intimation.

The above information is a part of company’s filings submitted to BSE.