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Pidilite Q3 Earnings: Company grants 17,500 stock options under ESOP

1 min read . Updated: 25 Jan 2023, 11:29 AM IST Livemint, Edited By Rakshita Madan
Pidilite, the maker of Fevicol adhesive, said it has granted 17,500 stock options under the Employee Stock Option Plan-2016Premium
Pidilite, the maker of Fevicol adhesive, said it has granted 17,500 stock options under the Employee Stock Option Plan-2016

  • Exercise period for all the shares will be up to 3 years from the date of vesting of options

Pidilite, the maker of Fevicol adhesive, said it has granted 17,500 stock options under the Employee Stock Option Plan-2016 to the eligible employees on January 24, 2023.

“This is to inform that the Company has granted 17,500 stock options under ESOP-2016 to the eligible employees of the Company on 24th January, 2023," the company said in a regulatory filing.

For 5,000 shares, the vesting date will be June 1, 2025 with exercise price of Re 1; for another 5,000 it will be June 1, 2026; for 7,500 shares vesting date will be June 1, 2027 with exercise price of ₹2,205.

The company announced its third quarter earnings today.

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