Nuvama Wealth Management Approves ESAR Grant of 79.38 Lakhs
Nuvama Wealth Management Ltd announced that its Nomination and Remuneration Committee approved the grant of 79,38,556 Employee Stock Appreciation Rights (ESARs) under the 'Nuvama Wealth Management Limited Employee Stock Appreciation Rights Scheme 2026'. The grant is effective September 1, 2026. A significant portion, 73,93,366 ESARs, will vest over five years, while the remaining 5,45,190 ESARs will vest over four years. ESARs can be exercised within two years from their vesting date. The ESAR price is linked to the market price of the company's shares.
Key Highlights
- Approved grant of 79,38,556 ESARs to eligible employees.
- Vesting schedule spans four to five years.
- ESARs represent stock appreciation-linked rights.
- Exercise window is two years post-vesting.
- Grant aligns with SEBI (Share Based Employee Benefits) Regulations.
Price Impact
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