Announced Fri, 7 Aug · 18:38 IST
Grant of 22,05,000 stock options to employees under ESOP 2024
PRAXIS · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹6.99
prior close
₹6.72
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.9+3.4+5.7+5.7+0.9-1.4-4.3-10.7-15.3-20.6-32.5-33.0——
Up moveDown movePending
AI summary
Praxis Home Retail Nomination and Remuneration Committee approved grant of 22,05,000 stock options to eligible employees at Rs. 5 per option (face value) under ESOP 2024. Vesting schedule: 40 percent after 1 year, 30 percent after 2 years, 30 percent after 3 years. Exercise window is 3 years from each vesting date. Allotted shares will not be under any lock-in.
Likely market impact
Potential dilution of existing equity when these options are exercised over coming years. Low exercise price benefits the grantees.