Author: Raoji

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Open Secret

How come AB Nuvo, Vedanta, Cairn stock prices surged 50-100% in 1-2 months ahead of these IMP merger announcements?

— Varinder Bansal (@varinder_bansal) August 11, 2016

Excerpts

Nice Job

Post author By Raoji
Post date August 11, 2016
1 Comment on Nice Job

Sunil Munjal, the joint managing director of Hero MotoCorp between 17 August 2011 (when he was named to the post) and 16 August 2016 (when he will step down), was barely involved in the firm’s day-to-day operations. None of the company functions reported to him. He was rarely seen at press conferences organized by Hero.

However, he was present (as was the entire Munjal family) at important milestones reached by Hero MotoCorp such as the unveiling of the company’s brand in 2011 or during the inauguration of Hero’s research and development centre in March.

Between 2011-12 and 2014-15, he received Rs.131.08 crore as remuneration as the company’s joint managing director, according to company’s annual reports. At least 60% of the total remuneration came between 2013-14 and 2014-15.-from Mint

Observations

RBL Bank Employees hit the Jackpot

Post author By Raoji
Post date August 11, 2016
2 Comments on RBL Bank Employees hit the Jackpot

The public issue of RBL Bank opens between 19 August,2016-23 August, 2016 with a price band between 224-225 Rs/share.

RBL Bank has a very generous ESOP program which can issue Stock Options upto 12 % of the Bank’s Equity.

As such,employees are keenly awaiting the listing as it will convert many of them into multimillionaires

Some key employees who will be laughing all the way to the Bank (literally !) are:

Name of Employee	# Of Options Granted	# Of Options Exercised	# Of Options Outstanding	Value (In Crores)
Vishwavir Ahuja	5,252,900	3,021,670	2,231,230	118.19
Rajeev Ahuja	3,502,900	1,927,670	1,575,230	78.82
Shanta Vallury	1,271,900	753,130	518,770	28.62
Naresh Karia	1,028,400	553,730	474,670	23.14
R Gurumurthy	1,852,250	1,071,065	781,185	41.68
Joginder Singh Rana	970,650	790,895	179,755	21.84
Andrew Gracias	1,851,650	820,495	1,031,155	41.66
Manoj Rawat	802,150	297,425	504,725	18.05
Satish Dhawan	646,650	389,195	257,455	14.55
Sandeep Thapliyal	796,100	586,700	209,400	17.91
Surinder Chawla	886,100	484,200	401,900	19.94
Sanjay Sharma	426,100	189,200	236,900	9.59
Harjeet Toor	951,100	352,700	598,400	21.40
Rana Vikram Anand	750,000	381,300	368,700	16.88
Sunny Uberai	460,500	186,500	274,000	10.36
Rajeev Dewal	225,500	20,000	205,500	5.07
Amareesh Gulati	700,500	150,000	550,500	15.76
Neeta Mukerji	650,000	0	650,000	14.63
Brijesh Mehra	1,000,000	0	1,000,000	22.50
Vinay Tripathi	54,000	20,260	33,740	1.22