ESOP24 Jun 2026, 10:40 am
Equitas SFB Grants 3 Lakh Stock Options at ₹77.08 Exercise Price
AI Summary
Equitas Small Finance Bank Limited announced the grant of 3,00,000 stock options to an eligible employee under the ESFB Employee Stock Option Scheme, 2019. The exercise price is set at ₹77.08 per share. These options will vest over four years, with 25% vesting annually, subject to service continuity and performance criteria. The shares issued upon exercise will rank pari-passu with existing equity shares. The grant is in compliance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Highlights
- 3,00,000 stock options granted to an employee.
- Exercise price fixed at ₹77.08 per share.
- Options vest over four years with performance conditions.
- New shares will have equal rights to existing shares.
- Grant aligns with SEBI's employee benefit regulations.
Price Impact
More from EQUITASBNK