Aadhar Housing Finance Ltd. Approves Grant of Employee Stock Options Under 2025 Plan
Aadhar Housing Finance Limited has announced that its Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, has approved the grant of Employee Stock Options (ESOPs). These options are issued under the existing Employee Stock Option Plan - 2025 Aadhar Housing Finance Limited.The grant covers a total of 4,31,350 options, which are available to eligible employees of the company. Each stock option is convertible into 1 equity share, carrying a face value of Rs. 10.
The details of the options granted and their associated terms are provided below:
| Feature | Detail |
|---|---|
| Brief Details of Options Granted | 4,31,350 options to eligible employee of the Company under Employee Stock Option Plan - 2025 Aadhar Housing Finance Limited. |
| Shares Covered by Options | 4,31,350 equity shares (each stock option is convertible into 1 equity share of face value of Rs. 10). |
| Pricing Formula | The options were granted at the market price of Rs. 425 per option, as defined under the SEBI (Share Based Employee Benefits) Regulations, 2021. |
| Vesting Period | The options carry a minimum 1 Year Vesting period from the date of Grant. All options granted shall Vest as per the Vesting schedule specified in the Grant Letter. |
| Exercise Period | Options must be exercised within a period of 2 years from the date of each vesting of stock options. |
| Governing Plan | The options are governed by the terms set out in the Employee Stock Option Plan - 2025 Aadhar Housing Finance Limited. |
The company confirmed that the grant of these options is in accordance with the Employee Stock Option Plan - 2025 Aadhar Housing Finance Limited.
AADHARHFC Stock Price Movement
On Monday, Aadhar Housing Finance Limited shares edged higher, finishing the trading session at ₹493.75, up 1.41%. The stock found support during the day, moving within a range of ₹485 to ₹495.85 on a notable volume of 394,001 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.