NUVAMA · price
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Nuvama Wealth Management 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 ESARs cover not more than 93,930 equity shares, with the price calculated as the average of opening and closing prices over 20 trading days prior to the relevant date. None of the ESARs have vested yet, and once vested, they can be exercised within 2 years. The plan complies with SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The grant represents employee stock compensation with potential equity dilution for existing shareholders upon exercise. Currently no vesting has occurred, so there is no immediate impact on earnings per share or shareholder value.