ESOP2 Sept 2026, 09:30 pm
Poonawalla Fincorp Grants 11.05 Lakh Stock Options
AI Summary
Poonawalla Fincorp Ltd announced that its Nomination and Remuneration Committee has granted 11,05,000 stock options to eligible employees under the 'Employee Stock Option Plan-2024- Scheme- II' (Tranche - 48). The exercise price for these options is set at ₹462.40 per share. The vesting of these options will follow the schedule outlined in the ESOP plan. This grant aligns with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Key Highlights
- 11,05,000 stock options granted to employees.
- Exercise price set at ₹462.40 per option.
- Grant is under ESOP-2024 - Scheme -II, Tranche - 48.
- Vesting schedule to be followed as per plan.
- Grant complies with SEBI (Share Based Employee Benefits & Sweat Equity) Regulations, 2021.
Price Impact
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