ESOP27 Apr 2026, 07:26 pm
BHFL grants 1.39 Cr stock options under ESOP 2024
AI Summary
Bajaj Housing Finance Ltd's Compensation Committee, in its meeting on April 27, 2026, approved the grant of 1,39,31,109 stock options to eligible employees under the BHFL ESOP 2024. Each option is convertible into one equity share of ₹10 face value. The exercise price will be the latest closing price prior to the grant date on the stock exchange with the highest trading volume. Options will vest between one and five years from the grant date and can be exercised within five years of vesting. The scheme adheres to SEBI regulations, and shares issued upon exercise will rank pari-passu with existing equity shares, with no lock-in period.
Key Highlights
- BHFL granted 1,39,31,109 stock options to eligible employees.
- Each option is convertible into one equity share of ₹10 face value.
- Exercise price is based on the latest closing market price before grant date.
- Options will vest within 1 to 5 years and can be exercised for 5 years post-vesting.
- Equity shares from options will rank pari-passu with existing shares.
Price Impact
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