Sundaram Finance Employees Exercise 213 Stock Options Under ESOP Scheme
Sundaram Finance Limited has announced that options granted under its Employee Stock Option Scheme—2008 (SFESOS) have been exercised, marking a significant step regarding employee compensation mechanisms.The exercise pertains to the stock options previously granted in support of the SFESOS. The company confirmed details concerning this specific option grant, which was associated with ESOP Grant 15.
The key parameters of the exercised options are detailed below:
| Metric | Detail |
|---|---|
| Date of Grant | 26.05.2023 |
| Exercise Date | 10th June 2026 |
| No. of Option Holders | 4 |
| No. of Options | 213 |
The company confirmed that suitable steps have been taken to ensure the smooth transfer of equity shares. These shares are being moved from the Sundaram Finance Employees Welfare Trust to the demat accounts of the respective option holders.
SUNDARMFIN Stock Price Movement
Today, shares of Sundaram Finance Limited edged higher, closing at ₹4203.2 after rising 0.81% on the day. The stock traded in a volatile session, trading within a range defined by a low of ₹4140 and an intraday high of ₹4302.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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