Bajaj Electricals Limited, a part of Bajaj Group has informed that the remuneration and compensation committee of the board at its meeting held on July 24, 2008 has granted 11,000 stock options to the eligible employees of the Company at a price of Rs 443.25 per option over a period of 4 years from the date of grant as per ESOP Scheme 2007.

Bajaj Electricals Limited operates in home appliances, fans, lighting, luminaries, and engineering and projects businesses in India.

The company said that it may further increase prices of its products if raw material costs rise. The company has already increased prices of its fans and appliances by 5-7 percent during the last few months.