Sterlite Technologies Ltd Grants 17,94,800 Stock Options Under ESOP 2016
Sterlite Technologies Ltd has announced the grant of stock options under its Employees Stock Option Scheme 2016 (ESOP 2016). The decision was made by the Nomination and Remuneration Committee of the Board during a meeting held on July 24, 2026.The company granted a total of 17,94,800 options to eligible employees as part of the ESOP 2016 initiative. These options entitle employees to exercise into an equal number of fully paid-up equity shares of the Company. The designated exercise price for each option is Rs. 2/-.
The stock options are subject to specific vesting and exercise timelines, as detailed below:
| Detail | Specification |
|---|---|
| Total Options Granted | 17,94,800 |
| Exercise Price Per Option | Rs. 2/- |
| Vesting Period | 3 years |
| Post-Vesting Exercise Window | 5 years from the date of vesting |
The ESOP grant aligns with the company's commitment to its employees, providing incentive and growth potential through the framework established by the Scheme.
STLTECH Stock Price Movement
As of 12:22 PM, Sterlite Technologies Limited shares are shedding value in live trading, currently registering ₹522.05 after a 4.88% drop. The equity trades amidst significant volatility, with the stock reaching an intraday low of ₹521.45 on a volume of 638,369 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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