Zee Entertainment Enterprises Ltd has informed the Exchange that pursuant to the Employees Stock Option Scheme (ZEEL-ESOP 2009) approved by the Members at the Annual General Meeting of the Company held on August 18, 2009, the Remuneration Committee of the Board, at its meeting held on October 22, 2009, has approved grant of 43,40,000 Stock Options (convertible into equivalent number of equity shares of the Company of Re. 1 each) to the Employees of the Company/ its subsidiaries and the Independent Directors of the Company. These Stock Options have been granted at an Exercise price of Rs 239.80 per equity share of Re 1/- each (i.e. the closing price of shares of the Company on October 21, 2009 at the National Stock Exchange of India Ltd, which had the highest quantity of trading).
| NIFTY 
