Bliss GVS Pharma Limited has informed the Exchange about Grant of Options under Bliss GVS Pharma Limited Employee Stock Options Plan 2019
BLISSGVS · price
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Bliss GVS Pharma Limited has granted 1,80,000 stock options to eligible employees under its Employee Stock Options Plan 2019. The options have an exercise price of Rs. 43 per share, which represents an 84.20% discount to the NSE closing price on May 11, 2026. Each option converts into one equity share of Re. 1 face value. The options vest in four equal annual instalments of 25% each, starting 12 months from the grant date. Employees have 6 months from the date of vesting to exercise the options, and any shares allotted will be subject to a 6-month lock-in period.
The ESOP grant is positive for employee retention and alignment of interests but will result in equity dilution of 1,80,000 shares. The deep 84.20% discount on exercise price may raise concerns about shareholder value erosion if all options are eventually exercised.