HDFC Life Insurance Grants Employee Stock Options under Two Schemes
HDFC Life Insurance Company Ltd announced on April 21, 2026, that its Nomination & Remuneration Committee approved the grant of employee stock options under two different schemes: the Employee Stock Option Scheme 2025 and the Employee Stock Option Scheme 2022.The committee's approval granted two distinct tranches of equity stock options, both having a face value of Rs. 10/- each and a grant price of Rs. 609.75/- each. The options are convertible into one equity share each upon vesting and exercise.
Employee Stock Option Scheme 2025
Under the Employee Stock Option Scheme 2025, the company approved the grant of 8,70,471 equity stock options. The vesting structure for these options is detailed as follows:| Vesting date | Percentage of options to vest |
|---|---|
| On 1 st anniversary from the date of grant | 30% of Options granted |
| On 2 nd anniversary from the date of grant | 30% of Options granted |
| On 3 rd anniversary from the date of grant | 40% of Options granted |
Vested options under this scheme must be exercised within a period of 4 years from the date of respective vesting, otherwise they will lapse forthwith.
Employee Stock Option Scheme 2022
For the second transaction, the company approved the grant of 32,372 equity stock options under the Employee Stock Option Scheme 2022. The vesting schedule for these options is structured as follows:| Vesting date | Percentage of options to vest |
|---|---|
| On 1 st anniversary from the date of grant | 30% of Options granted |
| On 2 nd anniversary from the date of grant | 30% of Options granted |
| On 3 rd anniversary from the date of grant | 40% of Options granted |
The options granted under the Employee Stock Option Scheme 2022 must be exercised within a period of 5 years from the date of respective vesting, failing which they shall lapse forthwith.
HDFCLIFE Stock Price Movement
Today, HDFC Life Insurance Company Limited shares edged higher to close at ₹614.20, marking a gain of 0.78%. The stock saw robust activity, settling at this level on an impressive total volume of 4.80 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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