Announced Thu, 7 May · 21:59 IST
Intellect Design Arena Limited has informed the Exchange regarding Grant of 976000 Options.
Corporate Actions View source PDF
INTELLECT · price
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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹790.00
prior close
₹792.10
base price
After-mkt
timing
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+1.1+1.7+1.8+1.1-3.4-8.3-9.2-12.1-13.4-11.8-6.8-8.6-5.3—
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AI summary
Intellect Design Arena Limited has granted 9,76,000 Restricted Stock Units (RSUs) to 223 associates under the ISOP/RSU 2016 scheme. The grant price is ₹5 per RSU. The RSUs will vest in three equal annual installments at the end of the 3rd, 4th, and 5th year from the grant date. The associates will have the right to convert RSUs into shares either in full or in tranches during the exercise period.
Likely market impact
This is an employee stock incentive grant with no immediate impact on shareholders. Future share dilution will occur as RSUs vest and are exercised over the 5-year period.