Max India has informed that the Nomination and Remuneration Committee of the Company, on 14th April, 2021, approved the grant of 4,56,428 Stock Options to Rajit Mehta, Managing Director of the Company under MAX INDIA LIMITED - EMPLOYEE STOCK OPTION PLAN – 2020.
The aforesaid Stock options entitled Rajit Mehta one equity share of face value of Rs. 10/- each at the Grant Price of Rs65.23 per Option for every one option exercised.
Further, the said Stock Options shall vest with him on 1st April, 2025 (‘Vesting Date’) and the exercise period shall be 5 years from the Vesting Date.
On Friday tradin session, the stock has touched an intraday high and low of Rs66.05 per piece and Rs63 per piece respectively in early trading hours.
On Sensex, Max India ended at Rs65.05 per piece down by Rs1.00 or 1.51% from its previous closing of Rs66.05 per piece on the BSE.