ESOP3 Aug 2026, 02:20 pm
VIP Industries Grants 1,50,000 Employee Stock Appreciation Rights
AI Summary
VIP Industries Ltd announced that its Nomination and Remuneration Committee has approved the grant of 1,50,000 Employee Stock Appreciation Rights (ESARs) to eligible employees under the VIP Employees Stock Appreciation Rights Plan 2018. The ESARs are issued at a price of ₹388/- per share and cover up to 17,06,587 equity shares. Vested ESARs can be exercised within 5 years from the date of vesting. The company has obtained in-principle approval from the stock exchanges for this grant.
Key Highlights
- 1,50,000 ESARs granted to eligible employees.
- ESARs priced at ₹388/- per share.
- Grant covers up to 17,06,587 equity shares.
- Vested ESARs exercisable within 5 years of vesting.
- Scheme approved by Nomination and Remuneration Committee.
Price Impact
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