HCL Tech Grants Over 4.3 Million RSUs to Employees

HCL Technologies Ltd announced the grant of Restricted Stock Units (RSUs) to eligible employees under its 2021 and 2024 RSU Plans. A total of 2,04,784 RSUs were granted under the 2021 plan to 9 employees, and 41,22,487 RSUs under the 2024 plan to 2,102 employees. These RSUs, exercisable at par value (₹2/-), will result in the transfer of up to 43,27,271 equity shares, representing approximately 0.159% of the paid-up share capital. The company clarified that no fresh shares will be issued, as shares will be acquired from the secondary market via a trust mechanism, thus avoiding EPS dilution. Additionally, 15,265 RSUs under the 2021 plan and 11,356 RSUs under the 2024 plan were cancelled.