Announced Wed, 1 Jul · 21:34 IST
Lloyds Engineering grants about 29.8 lakh ESOP options at Rs 9.50 each
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LLOYDSENGG · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹84.76
prior close
₹84.74
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-1.2-1.1-1.1-0.8+7.4+0.8-2.6+0.9+6.9+3.4———
Up moveDown movePending
AI summary
The Nomination and Remuneration Committee has granted 29,80,896 Employee Stock Options in total under the ESOP 2021 plan at Rs 9.50 per option. Of these, 12,32,334 options go to subsidiary Lloyds Advance Defence Systems employees, 4,15,000 to company employees, and 13,33,562 to associate company Lloyds Infrastructure and Construction employees. Minimum vesting period is 1 year, with up to 3 years to exercise from each vesting date.
Likely market impact
Small future dilution if all options are exercised. Aligns staff incentives across the group. Neutral to mildly positive for shareholder confidence.