Indiabulls Financial Services Ltd has informed BSE that the Board Compensation Committee of the Company at its meeting held on December 31, 2009, has granted 3,67,350 (Three Lac Sixty Seven Thousand Three Hundred Fifty) Stock Options under its “Employees Stock Option Plan 2008″ to the Eligible Employees.

These options represent an equal number of Equity Shares of face value of Rs. 2/- each in the Company and shall vest in the eligible employees within ten years beginning from January 01, 2011. Further, the options granted under each of the slabs, can be exercised by the grantees within a period of five years from relevant vesting date.