Tube Investments of India Ltd has informed BSE that pursuant to the approval accorded by the shareholders at the Annual General Meeting held on July 31, 2007, the Compensation and Nomination Committee of the Company has on January 29, 2011 approved the grant of 6,31,700 options (each option, when exercised, would result in one equity share of Rs. 2 each) to the employees of the Company.
The options were granted at an exercise price of Rs. 140.05, being the closing price of the equity shares of the Company on January 28, 2011 on National Stock Exchange of India Ltd., being the exchange which recorded the highest trading.
Sensex
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Sunday, January 30, 2011
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