StockWatch
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Computers - Software & Consulting
ESOP13 Oct 2026, 03:08 pm

3i Infotech Grants 8.75 Lakh Stock Options Under ESOP 2023

AI Summary

3i Infotech Ltd announced the grant of 8,75,000 stock options to identified employees under its Employee Stock Option Plan 2023 (ESOP 2023). The Nomination and Remuneration Committee (NRC) approved the grant on October 13, 2026. The options are priced at Rs. 10 per stock option. The vesting schedule is 30% in the first year, 30% in the second year, and 40% in the third year. Options can be exercised within 5 years from the vesting date. The equity shares issued upon exercise will be pari-passu with existing shares and will not be subject to a lock-in.

Key Highlights

  • 8,75,000 stock options granted under ESOP 2023.
  • Grant approved by Nomination and Remuneration Committee.
  • Vesting schedule: 30% (Year 1), 30% (Year 2), 40% (Year 3).
  • Exercise period: 5 years from vesting date.
  • No lock-in on shares issued upon exercise.