Nuvama Grants 93,930 Employee Stock Appreciation Rights

Nuvama Wealth approved the grant of 93,930 Employee Stock Appreciation Rights (ESARs) to eligible employees under its 2024 plan.
The ESARs have a vesting period and can be exercised within 2 years from the date of vesting.
Settlement of the appreciation will be in the company's equity shares upon payment of exercise price and taxes.
The grant is administered by the Nomination and Remuneration Committee and complies with SEBI regulations.