PNB Housing Finance Limited has informed the Exchange regarding Grant of 108000 Options.
PNBHOUSING · price
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Awaiting price reaction for this filing.
PNB Housing Finance has granted 1,08,000 stock options to certain eligible employees under its ESOP Scheme 2018, with each option convertible into one equity share of face value INR 10. The options have been granted at the prevailing market price with an exercise price of INR 1,074.30 per share. Vesting happens in tranches of 20%, 20%, 30%, and 30% over 1 to 4 years from the grant date (May 16, 2025), subject to performance conditions, and vested options can be exercised within 3 years. The grant is aimed at attracting, rewarding, and retaining key talent and aligning employee interests with company objectives.
This is a routine ESOP grant of a relatively small size (1,08,000 shares), so any dilution impact on existing shareholders will be minimal. Since the options are granted at market price, there is no favorable pricing benefit — the real impact is on future share count if and when employees exercise these options over the coming years.