Apollo Tyres Limited has informed the Exchange about Grant of options under Apollo Tyres Limited Employees Stock Option Scheme-2025
APOLLOTYRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Apollo Tyres has granted 26,69,181 Employee Stock Options (ESOPs) to eligible employees of the company and its subsidiaries under the Apollo Tyres Limited Employees Stock Option Scheme – 2025. Each option is convertible into one equity share of Re. 1 face value at an exercise price of Rs. 450 per option. The overall scheme allows for a maximum of 1,27,00,000 (1.27 crore) options. Vesting will happen over 1 to 4 years from the grant date (May 20, 2025), and employees have up to 3 years after vesting to exercise the options. The scheme is being implemented through the trust route, where the trust will acquire shares via secondary market purchases rather than fresh issuance.
Since the ESOPs are being implemented through a trust route buying shares from the secondary market, there is no immediate dilution. However, upon exercise in the future, existing shareholders may face mild dilution. ESOP grants generally align employee incentives with company performance and are viewed as a neutral to slightly positive signal for long-term shareholders.