Announced Mon, 6 Jul · 20:18 IST
Trident board approves ESOP 2026 covering 5 percent of capital
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TRIDENT · price
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Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹26.35
prior close
₹26.25
base price
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AI summary
Trident board has approved the Trident Employees Stock Option Plan 2026 for eligible employees across the company, its subsidiaries and associates. The plan covers 25.48 crore stock options, equal to 5 percent of total issued equity, convertible into equal shares of face value Re 1 each. Exercise price will be the previous day's closing market price. Vesting will be decided by the Nomination and Remuneration Committee. Exercise window is up to 5 years from vesting. Plan now needs shareholder approval.
Likely market impact
ESOP creation may dilute equity by up to 5 percent once options are exercised. Shareholder approval is pending.