Virtuoso Optoelectronics Grants 4.4 Lakh Employee Stock Options
Virtuoso Optoelectronics Ltd announced that its Nomination and Remuneration Committee has approved the grant of up to 4,40,000 stock options under the VOEPL - Employee Stock Option Plan 2023. These options are granted to eligible employees in accordance with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price for these options is set at up to ₹468.55, and they can be exercised within three months from the vesting date. This move is aimed at incentivizing and retaining key talent within the company.
Key Highlights
- Company approved grant of 4,40,000 stock options.
- Options granted under ESOP 2023 to eligible employees.
- Exercise price set at up to ₹468.55 per option.
- Options exercisable within 3 months from vesting date.
Price Impact
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