Sundaram Finance Reports Exercise of Stock Options Under ESOP Grant 15
Sundaram Finance Limited has detailed the exercise of stock options granted under its Employee Stock Option Scheme, relating to Grant 15 of the scheme. The details pertain to the conversion of stock options into equity shares for employees.The exercise involved two distinct instances pertaining to the same grant type, covering different exercise dates in July 2026.
Details regarding the Exercise of Stock Options are as follows:
| Grant | Date of Grant | Exercise Date | No. of Option Holders | No. of Options |
|---|---|---|---|---|
| 15 | 26.05.2023 | 27th July 2026 | 1 | 20 |
| 15 | 26.05.2023 | 28th July 2026 | 1 | 40 |
The options were granted under the Sundaram Finance Employee Stock Option Scheme - 2008 (SFESOS).
Following the exercise of these stock options, suitable steps have been taken for transferring equity shares 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 climbed as the company closed at ₹4480.1 after gaining 1.27%. The stock traded within an intraday range, moving between a low of ₹4422.1 and a high of ₹4498.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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