Aditya Birla Real Estate has granted 8,772 stock options to an eligible employee of Birla Estates Private Limited under the CTIL Employee Stock Option Scheme 2023. These options, implemented through the CTIL Employee Welfare Trust, vest over three years, starting December 5, 2026. The exercise price is set at ₹758.55 per option, reflecting the average purchase price of shares acquired by the Trust.
Stock Option Grant Details
Aditya Birla Real Estate has announced the grant of stock options under the CTIL Employee Stock Option Scheme 2023. A total of 8,772 stock options were granted to an eligible employee of Birla Estates Private Limited, a wholly-owned subsidiary. The scheme is implemented through the CTIL Employee Welfare Trust.
Vesting and Exercise Details
The granted options are subject to a time-linked vesting schedule. One-third of the options will vest annually over three years, specifically on December 5, 2026, December 5, 2027, and December 5, 2028. All vested options will be exercised as per the terms defined in the grant letter.
Exercise Price
The exercise price for these options is set at ₹758.55 per option. This price reflects the average purchase price of the shares acquired by the Trust through secondary acquisition on a recognized stock exchange.
Source: BSE