Tata Communications Limited Approves Grant of 249,092 Restricted Stock Units to Employees
Tata Communications Limited has approved the grant of Restricted Stock Units (RSUs) to eligible employees under the Tata Communications Limited Stock Unit Plan 2023. This decision was made by the Nomination and Remuneration Committee (NRC) following approval from shareholders at the company's 37th Annual General Meeting held on July 18, 2023.The NRC approved the grant of a total of 2,49,092 RSUs in accordance with the provisions of the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. These units have been allocated across two different effective grant dates for eligible employees.
The company has disclosed the details of the RSU grant, which includes a total number of 2,49,092 RSUs exercisable into equity shares, not exceeding this quantity. The face value of these shares is stated as ₹10/- (Indian Rupees Ten Only) each fully paid up.
The distribution of the granted RSUs across the two grant dates is detailed below:
| Grant Date | Number of Restricted Stock Units (RSUs) Granted |
|---|---|
| May 1, 2026 | 239,080 |
| August 1, 2026 | 10,012 |
Significant Terms and Vesting Conditions
The RSUs are subject to significant terms which determine when employees can exercise the options. The units shall vest upon the satisfaction of a time-based vesting criteria for the employee.The grant provisions state that the RSUs must vest not earlier than a minimum period of one year, and not later than a maximum period of three years from the respective grant date. Once vested and confirmed by the NRC, the employees will have a maximum period of one year to exercise the granted RSUs. The scheme falls under Share Based Employee Benefits and Sweat Equity Regulations, 2021.
TATACOMM Stock Price Movement
Today, shares of Tata Communications Limited edged higher, settling at ₹1764.5 after a 0.97% gain in the market close. The stock traded within a range defined by the day's low of ₹1727.8 and high of ₹1784.2, with 427,084 shares recorded in turnover.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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