Announced Wed, 1 Jul · 22:25 IST
ESOP grant of about 3.6 lakh stock options to eligible employees
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FINOPB · price
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Price reaction · full curve 14 horizons · vs prior close
-3.2%1-day move
₹139.94
prior close
₹139.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.9+2.4+2.1+1.3-3.2-3.5-2.6-5.7-3.5+15.7+19.9———
Up moveDown movePending
AI summary
The Nomination and Remuneration Committee of Fino Payments Bank approved stock option grants to eligible employees on July 1, 2026 via circular resolution. Under ESOP 2020, 1,75,178 options were granted at Rupees 143.29 each. Under ESOP 2023, 1,85,008 options were granted at Rupees 107.47 each, a 25 percent discount to market price. Each option converts to one equity share of face value Rupees 10. Vesting is in equal yearly tranches spread over 3 to 4 years.
Likely market impact
About 3.6 lakh shares may be issued if all options are exercised, causing mild dilution. ESOP 2023 grants carry a 25 percent discount to market price.