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The latest update is out from Go Digit General Insurance Limited ( (IN:GODIGIT) ).
Go Digit General Insurance Limited has approved the grant of 25,05,074 stock options to eligible employees of the company and its holding company, excluding key managerial personnel, under its Go Digit Employee Stock Option Plan 2018. The options, each convertible into one equity share of face value Rs 10, are priced above face value in line with SEBI’s Share Based Employee Benefits and Sweat Equity Regulations, with a vesting period ranging from one to six years and an exercise window of up to eight years from vesting, underscoring the insurer’s continued use of equity-based incentives to retain and motivate talent while potentially leading to future equity dilution for shareholders.
More about Go Digit General Insurance Limited
Go Digit General Insurance Limited is a general insurance company based in Pune, Maharashtra, offering a range of non-life insurance products and services. The company operates under the regulatory framework of the Insurance Regulatory and Development Authority of India (IRDAI) and is listed on both BSE and NSE, indicating its focus on the Indian insurance market and public market investors.
Average Trading Volume: 10,556
Technical Sentiment Signal: Sell
Current Market Cap: 314.4B INR
See more insights into GODIGIT stock on TipRanks’ Stock Analysis page.