Vedanta Oil and Gas: 55.16 Lakh Options Vested Under ESOS 2016
Vedanta Oil and Gas Limited (VOGL) announced the vesting of 55,16,340 employee stock options under the pre-demerger Vedanta Limited Employee Stock Option Scheme 2016. These options, granted in 2023, vested on November 4, 2026, following the completion of performance periods and conditions. The vesting is part of the Composite Scheme of Arrangement, ensuring benefit continuity for eligible employees of VOGL and other resulting companies. Employees can exercise these options within 8 months of vesting, entitling them to equity shares of VEDL and respective resulting companies. The exercise price is at par value.
Key Highlights
- 55.16 Lakh employee stock options have vested.
- Vesting is part of the post-demerger continuity plan.
- Options can be exercised within 8 months of vesting.
- Exercise price is at par value.
- Entitles employees to shares of VEDL and other resulting companies.
Price Impact
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