ESOP15 May 2026, 12:44 pm
Devyani Intl Grants 426,300 Stock Options Under ESOP 2021
AI Summary
Devyani International Ltd has announced the grant of 426,300 stock options under its Employees Stock Option Scheme 2021 (ESOP 2021). The grant was approved by the Nomination and Remuneration Committee (NRC) of the Board at its meeting held on May 15, 2026. Each option is convertible into one fully paid-up equity share with a face value of Re. 1 each. The exercise price is set at ₹103.50 per stock option, and the options can be exercised within five years from the vesting date, with a minimum one-year gap between grant and vesting.
Key Highlights
- Devyani International grants 426,300 stock options under ESOP 2021.
- Exercise price is set at ₹103.50 per stock option.
- Options vest within 5 years, minimum 1 year between grant and vesting.
- Each option converts to one equity share of Re. 1 face value.
- No lock-in period for shares issued upon exercising the options.
Price Impact
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