Religare Enterprises Limited (REL) has made a regulatory disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the grant of employee stock options.
Key Quantitative Figures
- Number of options granted: 13,195 stock options
- Face value per share: ₹10 each
- Exercise price: ₹227.35 per equity share
- Conversion ratio: Each stock option is convertible into one equity share
Vesting Schedule
The ESOPs will vest in 5 equal annual installments of 20% each year:
- 1st Year: 2,639 options vest
- 2nd Year: 2,639 options vest
- 3rd Year: 2,639 options vest
- 4th Year: 2,639 options vest
- 5th Year: 2,639 options vest
The first installment vests upon completion of one year from the date of grant.
Exercise Period
The options may be exercised not later than 8 (eight) years from the date of vesting.
Current Status
- Options vested: Not applicable (none vested at time of grant)
- Options exercised: Not applicable (options not yet exercised)
- Options lapsed: Not applicable
- Variation of terms: Not applicable
- Diluted EPS impact: Not applicable (options yet to be exercised)
Financial Impact
No immediate financial impact disclosed. The potential dilution from 13,195 shares represents a future capital structure change subject to option exercise.