Jindal Steel Ltd

📈 Jindal Steel Grants 80,695 Stock Options to Employees

• 66,340 options granted (Grant I), convertible into equity shares with face value ₹1 each

• 14,355 options granted (Grant II), convertible into equity shares with face value ₹1 each

• Pricing formula for both grants: Face Value + 50% of Market Price

• Grant I: 100% one-time vesting after 1 year

• Grant II: Vests over 5 years in 20% annual increments

• Options exercisable within 5 years from vesting date

• Shares from exercised options are freely transferable with no additional lock-in