Max India, engaged in healthcare, IT and financial services, announced on Friday that the remuneration committee of the company on Aug. 19, 2015 granted 99,620 stock options to Rahul Khosla, managing director of the company under the Max Employee Stock Plan - 2003.

The aforesaid options entitle Rahul Khosla one equity share of Rs 2 each for cash at par for every one option exercised. The said options will be vested with Khosla in a graded manner over a period of five years.  

Shares of the company gained Rs 0.85, or 0.16%, to trade at Rs 544. The total volume of shares traded was 19,348 at the BSE (11.02 a.m., Friday).