NIIT Ltd Grants Over 1 Million Stock Options Under ESOP 2005

NIIT Ltd has announced the grant of 1,064,000 stock options to eligible employees under its Employee Stock Option Plan 2005. The grants, made on August 1, 2026, are convertible into equity shares upon exercise after vesting. The exercise price for most grants is set at Rs. 95.76 per option, based on the closing market price on NSE on July 31, 2026. Vesting terms vary, with some options vesting in three equal annual installments and others vesting in one installment after one, two, or three years. One grant also includes performance-linked vesting. The exercise period for all vested options is five years from the date of each vest.