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CarTrade Tech Ltd. ( (IN:CARTRADE) ) has shared an announcement.
CarTrade Tech Ltd. has granted 75,000 stock options to an eligible employee, including a relative of a director, under its Employee Stock Option Plan 2021 (I), in line with SEBI’s share-based employee benefit regulations. The options, which convert into an equal number of equity shares and are priced at the prevailing market average without discount, will vest in four equal annual tranches over four years, a structure aimed at incentivising long-term employee retention and aligning key personnel interests with shareholder value, signalling continued use of equity-based compensation in the company’s talent strategy.
More about CarTrade Tech Ltd.
CarTrade Tech Ltd. is an India-based online automotive platform that operates marketplaces for buying and selling new and used vehicles, leveraging digital tools and data-driven services to connect consumers, dealers and OEMs across the country’s automotive ecosystem.
Average Trading Volume: 50,059
Technical Sentiment Signal: Buy
Current Market Cap: 117.1B INR
For a thorough assessment of CARTRADE stock, go to TipRanks’ Stock Analysis page.