Allotment of equity shares pursuant to exercise of ESOP and Grant of Stock Options under CARE Employee Stock Option Scheme 2020
CARERATING · price
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CARE Ratings' Nomination and Remuneration Committee approved allotment of 300 equity shares (Rs.10 face value each) to employees who exercised their options under the CARE Employee Stock Option Scheme 2020. This resulted in a marginal increase in paid-up capital from Rs.30.05 crore to Rs.30.05 crore. Additionally, the NRC granted 18,000 stock options to eligible employees at an exercise price of Rs.1,590 per option. The options will vest over three years (one-third each year) and can be exercised within two years of vesting.
Minimal immediate dilution of approximately 0.001% for existing shareholders. The 18,000 granted options represent potential future dilution but are spread over a 3-year vesting period, limiting short-term impact.