ESOP29 Oct 2026, 07:30 am
RateGain Grants 53,021 SARs Under 2022 Scheme
AI Summary
RateGain Travel Technologies Ltd announced the approval of the grant of 53,021 Stock Appreciation Rights (SARs) under the "RateGain - Stock Appreciation Rights Scheme - 2022". The Nomination and Remuneration Committee approved the grant on October 28, 2026. The SARs are divided into two tranches: 38,137 units with an SAR price of Rs. 800.00/- and 14,884 units with an SAR price of Rs. 862.25/-. Both tranches have a vesting period of 4 years from the grant date, with specific vesting schedules outlined (e.g., 10% Y1, 20% Y2, 30% Y3, 40% Y4). The exercise period for these SARs is within three years from the date of vesting.
Key Highlights
- 53,021 SARs granted under the RateGain SAR Scheme 2022.
- SARs granted with exercise prices of Rs. 800.00 and Rs. 862.25.
- Vesting period is 4 years from the grant date.
- Exercise period is within 3 years from vesting.
- Grant approved by the Nomination and Remuneration Committee.
Price Impact
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