Nuvama Wealth Management Limited has informed the Exchange about General Updates
NUVAMA · price
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Nuvama Wealth Management Limited has approved the grant of 93,930 Employee Stock Appreciation Rights (ESARs) to eligible employees under the 'Nuvama Wealth Employee Stock Appreciation Rights Plan 2024'. The grant was made on May 11, 2026, and the plan is compliant with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The ESAR price will be calculated as the average of daily opening and closing prices for 20 trading days prior to the relevant date. Currently, no ESARs have vested, and once vested, employees will have 2 years to exercise their rights. Upon exercise, employees will receive equity shares representing the appreciation value.
This is a routine employee incentive program that aligns employee interests with shareholders. There is minimal near-term impact as no rights have vested yet, but shareholders should note potential dilution of up to 93,930 shares in the future.