ESOP28 Aug 2026, 08:10 pm
Poonawalla Fincorp Grants 10.86 Lakh Stock Options
AI Summary
Poonawalla Fincorp Ltd announced that its Nomination and Remuneration Committee has granted 10,86,000 stock options to eligible employees under the 'Employee Stock Option Plan-2024- Scheme- II'. The options are granted at an exercise price of ₹478.50 and will vest according to the plan's schedule. This grant aligns with SEBI regulations for employee benefits and sweat equity.
Key Highlights
- 10,86,000 stock options granted to employees.
- Exercise price set at ₹478.50 per option.
- Grant is part of ESOP-2024 - Scheme- II, Tranche - 47.
- Vesting schedule to be followed as per the ESOP plan.
- Grant is compliant with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Price Impact
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