Rategain Travel Technologies Limited has informed the Exchange regarding Grant of 71582 Options.
RATEGAIN · price
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RateGain Travel Technologies has granted 71,582 Stock Appreciation Rights (SARs) to employees under its 'RateGain Stock Appreciation Rights Scheme – 2022.' The grant was approved by the Nomination and Remuneration Committee on June 19, 2025, with a SAR price of Rs. 436.35 per unit, based on the closing market price on NSE as of June 18, 2025. The SARs will vest over 4 years in a graded schedule — 10% in Year 1, 20% in Year 2, 30% in Year 3, and 40% in Year 4. Once vested, employees have up to 3 years to exercise these rights. The company disclosed this under SEBI's Listing Regulations and Share Based Employee Benefits rules.
This is a routine employee incentive grant that helps align employee interests with shareholders. Since SARs are granted at the prevailing market price with no discount, there's no immediate value transfer, though future exercise of these units could lead to mild equity dilution for existing shareholders.