Sterlite Technologies Limited has informed the Exchange regarding Grant of 541603 Options.
STLTECH · price
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Sterlite Technologies has granted 5,41,603 stock options to eligible employees under its Employees Stock Option Scheme 2016 (ESOP 2016). Each option is exercisable into one fully paid-up equity share at an exercise price of Rs. 2 per option. The options will vest over a period of 4 years and can be exercised within 5 years from the date of vesting. The grant was approved at a meeting of the Nomination and Remuneration Committee held on July 25, 2025.
This is a routine ESOP grant with no direct impact on existing shareholders' holdings. However, the eventual exercise of these options will lead to dilution of equity by 5,41,603 shares. The very low exercise price of Rs. 2 is notable but likely reflects the scheme's original pricing rather than current market value.