Sundaram Finance Completes ESOP Grant Exercise for 6 Holders
Sundaram Finance Limited has announced that stock options granted under its Employee Stock Option Scheme (SFESOS) have been exercised, facilitating the transfer of equity shares to designated employees. The exercise pertains to Grant 15, linked to the SFESOS initiated in 2008.The company confirmed the details of this option exercise, which took place on June 3, 2026.
According to the company statement, during the relevant grant period, six option holders exercised a total of 1,388 options. The Grant date for these options was May 26, 2023.
The details regarding the stock option exercise are as follows:
| Grant | Date of Grant | Exercise Date | No. of Option Holders | No. of Options |
|---|---|---|---|---|
| 15 | 26.05.2023 | 3rd June 2026 | 6 | 1,388 |
Sundaram Finance Limited stated that all necessary steps have been taken to ensure the transfer of equity shares from the Sundaram Finance Employees Welfare Trust. These shares are being transferred directly into the demat accounts of the respective option holders.
SUNDARMFIN Stock Price Movement
Shares of Sundaram Finance Limited slipped by 1.65% today, closing at ₹4169.5 after shedding ₹70.20 from its previous close. The stock plunged during intraday trading, hitting its 52-week low when it dipped to ₹4115 amid a volume of 83,380 shares traded.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.