Vodafone Idea Board Sanctions Stock Option and PSU Grant to Employees
The Nomination and Remuneration Committee of the Board of Directors of Vodafone Idea Limited approved a grant of stock options and performance stock units (PSUs) for eligible employees under the Vodafone Idea Limited Employee Stock Option and Performance Stock Unit Scheme 2024 (VIL Scheme 2024). The decision was made during a meeting held on July 13, 2026.The grant encompasses an aggregate of 13,89,72,376 instruments, comprising 8,75,68,313 Stock Options and 5,14,04,063 Performance Stock Units (PSUs). The VIL Scheme 2024 is designed to benefit employees under the terms of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The grant specifies that each Option and PSU is convertible into one fully paid up equity share, which has a face value of Rs. 10/-.
Key details regarding the stock option and PSU grant under VIL Scheme 2024 are summarized below:
| Detail | Stock Options (Options) | Performance Stock Units (PSUs) |
|---|---|---|
| Quantity Granted | 8,75,68,313 | 5,14,04,063 |
| Exercise Price | Rs. 14.19/- per Option (based on the Market Price of July 10, 2026) | Rs. 10/- per PSU |
| Vesting Period | 33% each over 3 years; first vesting begins upon completion of one year from the date of grant. | 100% vesting at the end of 3 years from the date of grant. |
The exercise period for both the granted Options and PSUs is set at five years from the Vesting date.
IDEA Stock Price Movement
Shares of Vodafone Idea Limited today slipped by 1.69% to settle at ₹13.96 after trading in the equity markets. The stock saw heavy activity, with a volume totaling 234.46 million shares traded during the 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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