PNB Housing Finance Limited has informed the Exchange regarding Grant of 30000 Options.
PNBHOUSING · price
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PNB Housing Finance has granted 30,000 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 exercise price has been set at INR 1,072.10 per share, in line with market price as defined under SEBI rules. The options will vest gradually over 4 years — 20% after year 1, 20% after year 2, 30% after year 3, and 30% after year 4 — subject to performance conditions. Vested options must be exercised within 3 years of vesting. The grant complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine employee stock option grant with a small dilution impact (30,000 shares). It signals the company is using equity-based incentives to retain talent but is unlikely to materially affect share price or shareholder value.