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Notes forming part of consolidated onancial statements (Contd.)
218
•
Annual Report 2016-17
c) Details of exercise price for stock options outstanding at the end of the year
Scheme
Range of exercise
price
As at March 31, 2017
As at March 31, 2016
No. of Options
outstanding
Weighted
average
remaining
contractual life
(in years)
No. of Options
outstanding
Weighted average
remaining
contractual life
(in years)
Scheme I
2.04 – 9.57
6,583
Note (i)
8,510
Note (i)
Scheme II
12.96 – 48.21
4,603
4.46
7,603
5.46
Scheme III
12.96 – 48.21
238,827
Note (i)
268,394
Note (i)
Scheme IV
22.23 – 61.12
827,944
5.84
970,329
6.76
Scheme V
22.23 – 44.14
116,446
Note (i)
132,534
Note (i)
Scheme VI
22.23 – 30.67
-
-
-
-
Scheme VII
24.17 – 61.12
55,887
5.57
101,469
7.54
Scheme VIII
48.21 – 48.21
-
-
-
-
Scheme IX
54.74 – 54.74
163,777
6.03
174,963
7.04
Scheme X
157.58 – 279.70
988,647
1.51
1,576,020
2.61
Scheme XI
10.00
402,600
1.25
402,600
2.25
Scheme XII
10.00
67,300
0.25
-
-
Note (i) No contractual life is deoned in the scheme
d) Effect of the employee share-based payment plans on the statement of proot and loss and on its onancial
position
Compensation expense arising from equity-settled employee share based payment plans for the year ended March
31, 2017 amounted to
`
59.53 million (Previous year
`
34.48 million). The liability for employee stock options
outstanding as at March 31, 2017 is
`
187.12 million (Previous year
`
147.09 million).
e) Details of stock options granted during the year
The weighted average fair value of the stock options granted during the current year is
`
700.50 (Previous year
`
583.66). The Binomial tree valuation model has been used for computing the weighted average fair value for
stock options granted considering the following inputs:
For the year ended
March 31, 2017
March 31, 2016
Scheme XII
Scheme XI
Weighted average share price
700.50
583.66
Exercise Price
`
10
`
10
Expected Volatility
51.0%
35.08%
/ife of the options granted (Vesting and exercise period)
2.5 Months
3.5 years
Dividend yield
1%
1%
Average risk-free interest rate
7.1%
7.8%
Expected dividend rate
60%
60%