Saregama India granted 10.5 lakh employee stock options exercisable into an equal number of equity shares.
The options were granted at an exercise price of ₹496.70 per share, based on a 7-day average closing price.
The grant is made under the Saregama Employee Stock Option Scheme 2013, compliant with SEBI SBEB regulations.
Vesting requires a minimum one-year period, with an exercise window of up to 10 years from vesting date.