Billionbrains Garage Ventures Grants 3,71,220 Stock Options Under ESOP Scheme 2024
Billionbrains Garage Ventures Ltd announced on April 21, 2026, the grant of stock options to its eligible employees. The company issued a total of 3,71,220 stock options under the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024.The stock option grant is designed to align employee incentives with the company’s growth objectives. The scheme covers 3,71,220 equity shares, each having a face value of Rs. 2.
Key Details of the Stock Option Grant
The company outlined several key financial and operational parameters related to the option grant.| Parameter | Detail |
|---|---|
| Total Options Granted | 3,71,220 Stock options |
| Scheme Name | Employee Stock Option Scheme 2024 |
| Shares Covered | 3,71,220 equity shares (Face Value: Rs. 2 each) |
| Exercise Price | Rs. 2 per stock option |
| Exercise Period | 10 years from the date of vesting |
Scheme Provisions and Terms
The Employee Stock Option Scheme 2024 also established clear guidelines regarding the handling of the options. The significant terms of the Scheme provide specific mannerisms for dealing with Stock Options in scenarios such as the employee’s death, permanent incapacity, resignation, termination, or retirement.Under the terms of the grant, the options are convertible into one fully paid up equity share for each option held. The scheme adheres to requirements related to share-based employee benefits. For the time being, the outcome fields regarding options exercised, options vested, or money realized by exercising options were noted as not applicable, as the information pertained solely to the grant under the Scheme.
GROWW Stock Price Movement
Today, Billionbrains Garage Ventures Limited shares gained 8.34% to settle at ₹214.01, closing strong in positive territory. The equity hit its 52-week high of ₹216.75, with significant trading activity seeing volume reach 288.82 million 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.
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