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Religare Enterprises Limited ( (IN:RELIGARE) ) has provided an announcement.
Religare Enterprises Limited has granted 22,692 stock options under its Employee Stock Option Plan 2019 to eligible employees, in line with SEBI’s share-based employee benefits regulations. Each option is convertible into one equity share with a face value of Rs 10 at an exercise price of Rs 220.34 per share.
The options will vest in five equal annual instalments of about 20% each, starting one year from the grant date, and can be exercised within eight years of vesting. The move is aimed at incentivising and retaining talent through long-term equity-linked compensation, though there is no immediate impact on share capital or earnings per share as the options have not yet been exercised.
More about Religare Enterprises Limited
Religare Enterprises Limited is a diversified financial services company in India, offering a range of financial products and services through its various subsidiaries. The group focuses on areas such as lending, insurance, and asset management, serving retail and institutional clients across key Indian markets.
Average Trading Volume: 134,756
Technical Sentiment Signal: Hold
Current Market Cap: 73.44B INR
For detailed information about RELIGARE stock, go to TipRanks’ Stock Analysis page.