Aditya Birla Money in its meeting held on July 28, 2014, has passed and approved issue of 27,70,000 new equity share of Rs. 1/- each, in one or more tranches, of the Company to eligible persons as stock options under a Scheme to be formulated under Securities and Exchange Board of India.
Aditya Birla Money Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 28, 2014, inter alia, has passed the following resolutions:1. Approved issue of 27,70,000 new equity share of Rs. 1/- each, in one or more tranches, of the Company to eligible persons as stock options under a Scheme to be formulated under Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.2. Approved constitution of the Compensation Committee consisting of Mr. P. Sudhir Rao, Independent Director, Mr. G. Vijayaraghavan, Independent Director and Mr. Gopi Krishna Tulsian, Director for composition and implementation of the stock options scheme.Source : BSE
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