Max India grants stock options

Under ESOP

Max India announced that the Remuneration Committee of the Company on 19 August 2015 granted 99,620 Stock Options to Rahul Khosla, Managing Director of the Company under the Max Employee Stock Plan - 2003. The aforesaid Options entitle Rahul Khosla one equity share of Rs.2/- each for cash at par for every one Option exercised. The said Options will be vested with Khosla in a graded manner over a period of five years.

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