PNB Housing Finance has approved the grant of 175,000 Restricted Stock Units (RSUs) to eligible employees under its 2020 scheme. Each RSU has a face value of INR 10. The RSUs will vest over three years, with 10% vesting after the first year, 40% after the second, and 50% after the third, subject to performance conditions. The exercise price is set at INR 10 per share.
RSU Grant Details
PNB Housing Finance has granted 175,000 Restricted Stock Units (RSUs) to eligible employees under the PNB Housing Restricted Stock Unit Scheme 2020. This decision was approved on September 30, 2025, by the Nomination and Remuneration Committee of the company.
Key Terms of the RSU Grant
Each RSU, upon exercise, entitles the holder to one equity share with a face value of INR 10. The grant adheres to the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Vesting Schedule
The vesting of RSUs is subject to the achievement of specific performance conditions. The vesting schedule is as follows:
Time PeriodRSUs Vesting
After 1 year from the date of the grant10% of the RSUs granted
After 2 years from the date of the grant40% of the RSUs granted
After 3 years from the date of the grant50% of the RSUs granted
Exercise Details
The exercise price for each RSU is INR 10. Once vested, options may be exercised for a period of 1 year from the respective dates of vesting.
Source: BSE
