Announced Sat, 11 Jul · 22:52 IST
Ravindra Energy grants 3.10 lakh ESOPs to employees under ESOP Scheme 2022
Business Updates View source PDF
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+0.4%1-day move
₹173.46
prior close
₹171.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.3+1.7+2.0+1.6+0.4+0.4+2.0+2.2+1.5+0.9————
Up moveDown movePending
AI summary
Ravindra Energy's NRC approved Grant-II of 3,10,000 Employee Stock Options to eligible employees under the REL ESOP Scheme 2022, part of the 13,67,301 options approved by shareholders. Each option converts to one equity share of face value Rs 10 at an exercise price of Rs 101. Vesting is 25 percent after 1 year and the remaining 75 percent after 2 years, with a 10 year exercise window. The grant aims to reward employees and align them with the company's growth and expansion plans.
Likely market impact
Mild future dilution risk; grant is within shareholder-approved limits and signals management confidence in growth plans.