Sundaram Finance Details Exercise of Stock Options Under Employee Scheme
Sundaram Finance Limited has confirmed the exercise of stock options granted under its Employee Stock Option Scheme (SFESOS). The details pertaining to this ESOP grant, which was issued during 2023, have been exercised by option holders.The transaction involves a specific grant within the scheme, with details provided regarding the timelines and participation in the exercise.
Key details of the stock options exercised are as follows:
| Grant | Date of Grant | Exercise Date | No. of Option Holders | No. of Options |
|---|---|---|---|---|
| 15 | 26.05.2023 | 5th June 2026 | 2 | 129 |
Following the exercise, Sundaram Finance Limited has completed the necessary steps for transferring equity shares. These shares are being transferred from the Sundaram Finance Employees Welfare Trust to the demat accounts of the respective option holders.
SUNDARMFIN Stock Price Movement
Sundaram Finance Limited's equity settled today slightly higher at ₹4105.4, successfully managing to gain 0.07% after the stock had previously dipped near its 52-week low of ₹4089.9. The close reflects steady intraday trading with 131,572 shares transacted as the financial institution ended its session.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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