IIFL Capital Services Limited has informed the Exchange regarding Grant of 470835 Options.
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IIFL Capital Services has granted 470,835 stock options to identified employees under its Employee Stock Option Scheme (IIFL ESOS Scheme – 2018). Each option is convertible into one fully paid-up equity share of face value Rs. 2. The exercise price has been set at Rs. 328.85 per option. The options will vest over a period of 4 years from the date of grant, and employees can exercise them within 7 years. The grant was approved by the Nomination and Remuneration Committee on July 17, 2025, and is in compliance with SEBI (SBEB) Regulations, 2021.
This is a routine ESOP grant and is mildly dilutive, as 470,835 new shares could be issued upon exercise. However, since vesting is spread over 4 years, the immediate impact on existing shareholders is minimal.