Announced Sat, 4 Jul · 14:45 IST
Sangam India grants 5,08,500 stock options to employees under ESOP 2022
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SANGAMIND · 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
-0.2%1-day move
₹552.95
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AI summary
Sangam India's Nomination and Remuneration Committee approved the fourth grant of 5,08,500 stock options to eligible employees under the company's ESOP Scheme 2022. Each option is convertible into one equity share of Rs 10 face value. Vesting period ranges from a minimum of one year to a maximum of seven years from grant date, with a two-year window to exercise post vesting. This is a routine disclosure made under SEBI listing regulations.
Likely market impact
Minor potential equity dilution for existing shareholders. Signals management focus on retaining employees through long-term incentives.