Grant of 461,570 Employee Stock Options at INR 382.5 per share under ESOP Plan 2024
The Nomination and Remuneration Committee approved the grant of 461,570 stock options to eligible employees under the Hexaware Employees Stock Option Plan 2024.
- Stock options granted
- 461,570
- Exercise price
- INR 382.5 per share
- Equity shares that can arise on full vesting and exercise
- 461,570 equity shares of INR 1 each
- Plan
- Hexaware Employees Stock Option Plan 2024
What was announced
The Nomination and Remuneration Committee approved the grant of 461,570 Employee Stock Options under the Hexaware Employees Stock Option Plan 2024 to eligible employees.
Key terms
- Options granted: 461,570
- Exercise price: INR 382.5 per share
- Shares that can arise on full vesting and exercise: 461,570 equity shares of face value INR 1 each
- Vesting: as per the vesting schedule under the Plan
- Plan administered by the Nomination and Remuneration Committee
What it means
Stock options are a staff incentive. Employees can buy shares at the fixed exercise price once the options vest, after paying the exercise price and applicable taxes. New shares are issued only at the exercise stage, so any dilution is small and gradual rather than immediate.
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More numbers
- Options granted461,570
- Exercise price per shareINR 382.5/- Per Share
- Shares arising on exercise461,570 Equity Shares
- Face value per shareINR 1/- each
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