Billionbrains Garage Ventures Ltd Corrects Stock Options Grant Date in Employee Scheme
Billionbrains Garage Ventures Ltd has clarified the date of grant for stock options granted under its Employee Stock Option Scheme 2024, correcting an inadvertent error from a previous intimation. The company confirmed that the correct date of grant for the stock options was June 02, 2026.The correction pertains to the grant of 274,214 stock options issued under the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024. All other details regarding the stock option grant remain consistent with previous disclosures.
The scheme was granted to eligible employees and covers all aspects related to the stock options. The total number of shares covered by these options is 274,214 equity shares. Each stock option is convertible into one fully paid up equity share having a face value of Rs. 2 each. These options were issued with an exercise price of Rs. 2 per stock option.
The scheme terms include the provision for how stock options would be dealt with in scenarios such as death, permanent incapacity, resignation, or termination. The employees have been given a ten year period from the date of vesting within which they may exercise the options.
Key details of the grant are summarized below:
| Particulars | Details |
|---|---|
| Number of Stock Options Granted | 274,214 |
| Scheme Name | Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024 |
| Exercise Price per Option | Rs. 2 |
| Total Shares Covered | 274,214 (each convertible into one equity share) |
| Exercise Period | 10 years from the date of vesting |
GROWW Stock Price Movement
Today, shares of Billionbrains Garage Ventures Limited tumbled, settling down 3.28% to close at ₹189.86 after a challenging session. The equity traded amid strong activity throughout the day, with highs reaching ₹197.41 and lows touching ₹188.77 on a volume of 26.86 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.
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.