NIIT Technologies leadership team to get ESOPs worth Rs 1 crore

BANGALORE: Mid Cap firm NIIT Technologies Ltd on Monday informed the Bombay Stock Exchange that its compensation committee will make a grant of 33,000 stock options amongst select employees, to be vested in next three years.

About 33,000 esops will be distributed amongst ‘top 10-11 employees.’ It will have a vesting period as follows - one third (i.e. 11000 options) of the options granted would vest after the completion of one year. Next 11000 options would vest after the completion of second year and the rest would vest after the completion of third year.

The options have not been granted to any of the Directors, NIIT Tech said.