Announced Mon, 29 Jun · 16:24 IST
Board approves ESAR Scheme 2026 with pool of up to 1.37 crore rights
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NUVAMA · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹1776.20
prior close
₹1780.00
base price
After-mkt
timing
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+0.5+1.0+0.8+0.8+0.8+2.3+5.8+5.3+7.8+9.6+6.7———
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AI summary
Nuvama Wealth board approved a new Employee Stock Appreciation Rights Scheme 2026, subject to shareholder approval via postal ballot. The pool allows up to 1.37 crore ESARs, priced at market price or up to 10 percent discount. Vesting ranges from 1 to 6 years, with a 1 to 5 year exercise window and a 4 to 5 year grant horizon. Because ESARs settle on share price appreciation rather than full value, actual share issuance and dilution will be materially lower than the pool size.
Likely market impact
Employee incentive plan with limited dilution, as ESARs pay out on price appreciation only. Pending shareholder approval via postal ballot.