HDFC Life Insurance Company Limited has informed the Exchange regarding 'Grant of Stock Options under Employee Stock Option Scheme '.
HDFCLIFE · price
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HDFC Life Insurance's Nomination & Remuneration Committee has approved the grant of 9,02,843 equity stock options to employees. This includes 8,70,471 options under ESOS 2025 and 32,372 options under ESOS 2022. Each option has a face value of Rs. 10 and a grant price of Rs. 609.75, convertible into one equity share upon vesting and exercise. The vesting schedule is uniform across both schemes: 30% after 1 year, 30% after 2 years, and 40% after 3 years from the date of grant. The exercise window is 4 years for ESOS 2025 and 5 years for ESOS 2022 from the respective vesting dates.
This is a routine disclosure for shareholder awareness. While stock option grants represent potential dilution, the impact is minimal as options must vest over 3 years and employees have limited time to exercise them. The company uses ESOPs as part of employee retention and compensation strategy.