Bajaj Finance Limited has informed the Exchange regarding Grant of 14807966 Options.
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Bajaj Finance's Compensation Committee has approved the grant of 14,807,966 stock options to eligible employees of the company and its subsidiaries under the Employee Stock Option Scheme, 2009. Each option converts into 1 equity share of face value Re. 1. The exercise price is based on the latest closing price prior to the committee meeting on the stock exchange with the highest trading volume. Vesting period ranges from 1 to 5 years from the grant date, with a 5-year exercise window from the date of vesting. The scheme complies with SEBI (Share Based Employee Benefits) Regulations, 2021. No lock-in applies to shares arising from option exercise, and such shares will rank pari-passu with existing equity shares.
This is a routine ESOP grant that aligns employee interests with shareholders. The potential dilution of approximately 14.8 million shares is modest relative to Bajaj Finance's large equity base. No immediate impact on stock price, but long-term incentive alignment may benefit company performance.