RateGain Approves Grant of 66,598 SARs Under SAR-2022 Scheme

RateGain Travel Technologies Ltd announced that its Nomination and Remuneration Committee has approved the grant of 66,598 Stock Appreciation Rights (SARs) under the "RateGain - Stock Appreciation Rights Scheme – 2022". The SARs are granted at different price points: 35,231 SARs at ₹644.55 per unit, 3,997 SARs at ₹824.55 per unit, and 27,370 SARs at ₹950.00 per unit. These SARs will vest over a period of four years from the grant date, with a vesting schedule of 10% in Year 1, 20% in Year 2, 30% in Year 3, and 40% in Year 4. The exercise period for these SARs is within three years from the date of vesting.