Billionbrains Garage Ventures Ltd Grants Stock Options to Employees
Billionbrains Garage Ventures Ltd announced the grant of stock options to its eligible employees. The options were issued under the Billionbrains Garage Ventures Limited Employee Stock Option Scheme 2024 on April 20, 2026.The company announced that a total of 24,32,697 stock options were granted to employees participating in the scheme. The scheme falls under the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The details regarding the options granted and the underlying shares were provided in the company's detailed disclosure.
A total of 24,32,697 equity shares, each having a face value of Rs. 2, are covered by the granted stock options.
Key Details of the Stock Option Grant
The options are structured with varying exercise prices, totaling 24,32,697 options:| Particulars | Details |
|---|---|
| Total Options Granted | 24,32,697 |
| Total Shares Covered | 24,32,697 equity shares (Face Value: Rs. 2 each) |
| Pricing Structure | 22,68,569 options at an exercise price of Rs. 2 per option |
| 1,64,128 options at an exercise price of Rs. 173.65 per option | |
| Vesting Status | Not Applicable, as this relates to the grant of Options under the Scheme |
| Exercise Period | The exercise period shall be 10 years from the date of vesting, subject to the Scheme's terms and conditions. |
Scheme Terms and Conditions
The company noted that the Employee Stock Option Scheme 2024 provides for specific terms regarding the handling of stock options in various life events. The scheme also provides for the manner in which Stock Options would be dealt with in cases of death, permanent incapacity, resignation, or termination.The disclosure confirmed that no money was realized, no shares arose, and no options lapsed or varied as of the date of the grant, as this outcome relates to the grant of options under the Scheme.
GROWW Stock Price Movement
Today, Billionbrains Garage Ventures Limited shares slipped by 0.47% to settle at ₹196.11 after trading today. The stock recorded strong activity with 80.09 million shares traded during the session.Source:
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