Billionbrains Garage Ventures Limited has informed the Exchange regarding Grant of 2432697 Options under BGV ESOP Scheme 2024
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Groww's parent company, Billionbrains Garage Ventures Limited, has granted 24,32,697 employee stock options under its ESOP Scheme 2024. The options include 22,68,569 options at an exercise price of Rs. 2 per share and 1,64,128 options at Rs. 173.65 per share. Each option converts into one fully paid equity share of face value Rs. 2. The exercise period is 10 years from the vesting date, and the scheme is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. This is a routine talent retention disclosure filed with BSE and NSE.
The ESOP grant is slightly dilutive to existing shareholders as it represents potential future share issuance. However, such grants are standard practice for technology companies to attract and retain talent, and the Rs. 2 exercise price on most options suggests they may be granted at or near fair market value. No immediate impact on stock price expected from this routine disclosure.