Religare Enterprises Limited has informed the Exchange about Options to purchase securities
RELIGARE · price
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Religare Enterprises has granted 22,692 stock options to eligible employees under its Employee Stock Option Plan 2019, approved on March 30, 2026. Each option is convertible into one equity share of face value Rs. 10, with an exercise price of Rs. 220.34 per share. The options will vest in five equal annual installments of 20% each, with the first tranche vesting one year after the grant date. Employees have up to 8 years from each vesting date to exercise the options. The scheme complies with SEBI's Share Based Employee Benefits and Sweat Equity Regulations, 2021.
This is a routine ESOP grant and represents a small dilution (~22,692 shares). It is unlikely to materially affect share price or shareholder value, but signals ongoing retention efforts by the company through equity-based incentives.