HDFC Asset Management Company Limited has informed the Exchange regarding Grant of 1275000 Options.
HDFCAMC · price
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HDFC Asset Management Company has granted a total of 12,75,000 equity shares worth of stock options and performance-linked units to its eligible employees and those of its wholly owned subsidiary HDFC AMC International (IFSC) Limited. This includes 10,46,790 Employee Stock Options (Options) priced at Rs. 4,877.50 each (based on the market closing price on June 19, 2025) and 2,28,210 Performance-linked Stock Units (PSUs) priced at Rs. 5 each (face value). The grants were approved by the Nomination & Remuneration Committee on June 20, 2025, under the ESOP & PSU Scheme – 2025, which was approved by shareholders through a postal ballot on June 6, 2025. Options will vest over four years in tranches of 10%, 20%, 30%, and 40%, while PSUs will vest in tranches of 0%, 0%, 30%, and 70%.
This is a routine employee compensation announcement with no direct impact on existing shareholders' value. The grant at market price for Options means no immediate dilution benefit to employees, but the eventual conversion of these 12.75 lakh shares will lead to mild equity dilution over the next 4-5 years.