Educomp Solutions announced that remuneration committee of the company on Mar. 31, 2014 has granted 16,00,000 stock options to the employees, director of the company, subsidiaries under various ESOP Scheme(s) of the company, at current market price, to be converted in to one equity share of face value of Rs 2 each on exercise of one option.

Vesting conditions and exercise period of the stock options is as decided by the remuneration committee as per the terms and conditions of the respective ESOP schemes.

Shares of the company declined Rs 0.2, or 0.66%, to trade at Rs 30.25. The total volume of shares traded was 425,871 at the BSE (1.51 p.m., Thursday).