ISIN.net update courtesy of notification issued by Zensar Technologies, an RPG Enterprises company and listed on the Bombay Stock Exchange. RPG Enterprises was established in 1979 and is one of India’s fastest growing business groups with a turnover touching Rs 18,000 crore. The group consists of over fifteen companies managing diverse business interests in the areas of Automotive Tyres, Infrastructure, IT, Pharmaceuticals, Plantations and Power Ancillaries.
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Zensar Technologies Ltd (BSE: 504067 NSE: ZENSARTECH ISIN: INE520A01019) announced that the Nomination & Remuneration Committee of the Board of Directors of the Company at its Meeting held on November 24 2014 approved Grant of 24000 Options at an Exercise Price of Rs. 600/- per Option to the Employees of the Company.
The vesting of the Options shall take place over a period of 5 (Five) years based on the performance of the Employees. Each Option upon vesting entitles employees to apply for One Equity Share of the Company.