Sterlite Technologies has announced the grant of 82,158 employee stock options under its ESOP 2016 scheme. These options are exercisable into an equal number of fully paid-up equity shares at an exercise price of ₹2 per option. The options will vest over a period of 3 years and can be exercised within 5 years from the vesting date.
Employee Stock Option Grant
Sterlite Technologies has officially communicated the grant of 82,158 stock options to eligible employees as part of its Employee Stock Option Scheme 2016 (ESOP 2016). This decision was made during a meeting of the Nomination and Remuneration Committee of the Board held on October 22, 2026.
Option Details
Each option granted is exercisable into one fully paid-up equity share of the Company. The exercise price for these options has been set at ₹2 per option. The granted options are subject to a vesting schedule, spreading over a period of 3 years from the grant date. Following vesting, the employees will have a window of 5 years to exercise their options.
Source: BSE
