SKS Microfinance Ltd has granted 57,000 stock options to the eligible employees of the company.
These stock options can be converted into 57,000 equity shares of the company upon exercise of the option.
The stock options have been granted in terms of the Employee Stock Option Plan 2011 of the Hyderabad-headquartered company.
As per the terms of the Plan, the options will have a lock-in of one year; the options will have three years vesting schedule — 33%; 33%; 34% in the consecutive years, and the exercise price will be Rs 160.45 per option.
SKS Microfinance shares were trading at Rs 186.55 per share on the NSE at 10.00 a.m.