Power Finance Corporation has informed that pursuant to the resolution passed by the shareholders at the Annual General Meeting held on September 21, 2010, the remuneration committee of directors of the company in its meeting held on December 23, 2011, have approved grant of 88,040 options to regular employees of the company through PFC employees welfare trust at a price of Rs. 176.05 per option exclusive of face value of Rs. 10 per Share (that is closing price of the equity shares of the company on July 28, 2011 on National Stock Exchange, less face value of Rs. 10 per share) with effect from July 29, 2011, convertible into equivalent equity shares of Rs. 10 each. The vested option shall be exercisable as per the ESOP Policy of PFC within such period but not exceeding 2 years from date of vesting options.
Further, the committee has withheld 11,735 options relating to employees who were on the roll of the company in the FY 2009-10, but have separated due to retirement, resignation and also employees who are due for retirement before vesting of option or on deputation until a clarification is received from department of public enterprises ministry heavy industries, Govt. of India
The above information is part of the company’s filing submitted to the BSE.
| Company Name | CMP |
|---|---|
| Power Finance Corp | 477.90 |
| REC | 506.20 |
| Indian Railway Finance | 142.15 |
| Satin Creditcare | 148.65 |
| MAS Financial Serv | 278.95 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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