Equitas Small Finance Bank Limited has informed the Exchanges regarding Grant of 2920631 Options.
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Equitas Small Finance Bank has granted 29,20,631 stock options to eligible employees. Of these, 14,28,305 options were given to Whole-time Directors (MD & CEO, ED) and Material Risk Takers at Rs. 72.18 per share (market price). The remaining 14,92,326 options went to other employees, with 12,15,697 options granted at face value of Rs. 10 per option and 2,76,629 at Rs. 72.18 per share. The options will vest over three years from the date of grant, subject to continued service. The shares arising from exercise will rank pari-passu with existing equity shares including dividend rights. The scheme complies with SEBI (SBEB & SE) Regulations, 2021.
This ESOP grant represents potential share dilution for existing shareholders. The large grant at face value (Rs. 10) compared to market price creates significant employee incentive but may impact earnings per share upon eventual exercise.