ESOP Filing Company has Employee Stock Options (“Options”) plan with a exercise price of Rs.1450/share, 1/3rd vesting every year. Interesting to see which level of employees this is being offered to. My understanding is that Employees will find this interesting/profitable if the price remains above (hopefully significantly) Rs.1450 (during each exercise period i.e. May 2025/26/27), since they have to pay the exercise price.
Maybe a indicator of mgmt expectation of company performance (indirectly translating to stock price) in coming years.
Link : ESOP Announcement
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