RateGain Grants 48,193 SAR Units Under SAR Scheme-2022

RateGain Travel Technologies Ltd announced that its Nomination and Remuneration Committee has approved the grant of 48,193 Stock Appreciation Rights (SAR) Units under the "RateGain - Stock Appreciation Rights Scheme – 2022". The SARs are priced at Rs. 827.75 per unit. These SARs will vest over a period of four years, with 10% vesting in Year 1, 20% in Year 2, 30% in Year 3, and 40% in Year 4. The exercise period for these vested SAR units is within three years from the date of vesting. This move is part of the company's employee incentive scheme.