ESOP21 May 2026, 04:22 pm
Le Travenues Tech Grants 32,708 Options Under ESOP Schemes
AI Summary
Le Travenues Technology Ltd's Nomination and Remuneration Committee approved the grant of 32,708 options under its Employees Stock Option Schemes 2016 and 2021 on May 21, 2026. These options will vest over four years and can be exercised within five years from the vesting date at an exercise price of ₹93 per option. The grant aims to motivate and retain employees, align their interests with the company's long-term goals, and create shareholder value.
Key Highlights
- Nomination and Remuneration Committee approved grant of 32,708 ESOP options.
- Options granted under ESOS 2016 (25,620 options) and ESOS 2021 (7,088 options).
- Exercise price is ₹93 per option.
- Options vest over four years in equal annual installments.
- Exercise period is five years from the vesting date.
Price Impact
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