Saregama India Board approves 10,000 grant of options; Stock gains 1%

Saregama India Board approves 10,000 grant of options.

Apr 27, 2021 02:04 IST India Infoline News Service

Saregama India
Saregama India Ltd has informed that the Board of Directors approved grant of 10,000 Options to certain employees of the Company exercisable into not more than 10,000 fully paid up equity shares of Rs.10 each of the Company.

The Exercise Price is Rs. 1,750.40/- and the exercise period is 10 years from the date of vesting.

Vesting of Options is subject to overall minimum vesting period of one year and exercise period is 10 years from the date of vesting.

The stock has touched an intraday high and low of Rs1798 per piece and Rs1744.75 per piece respectively in early trading hours.

Earlier this month, on 7th April 2021 Saregama India hit a new 52-week high at Rs1847.80 per piece on Sensex.

At around 2:15 PM, Saregama India was trading at Rs1,781 per piece up by Rs13.35 or 0.76% from its previous closing of Rs1,767.65 per piece on the BSE.


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