IIFL Securities enhances employee engagement with grant of 3,69,500 stock options under ESOP Scheme 2018
IIFL Securities Limited has made a significant move to enhance employee engagement by granting 3,69,500 stock options to its identified employees under the ‘IIFL Securities Employee Stock Option Scheme - 2018’ (IIFL ESOS Scheme-2018), on June 14, 2024. The company's Nomination and Remuneration Committee (NRC) approved this grant through a circular resolution, demonstrating a strong commitment to retaining and motivating its workforce, as per an exchange filing.Also Read | Darshan case: Renukaswamy sustained 15 grievous injuries, head forcefully rammed into a vehicle | What we know so farThe stocks of IIFL Securities closed in gree, up 0.71 per cent on June 14, at ₹221.05 on BSE.
IIFL Securities share price is down over 3 per cent from its 52-week high of ₹228.60, as per NSE. The company's share price reached its 52-week high on June 11, 2024.
The company enjoys a market capitalisation of ₹6,811.18 crore, as per BSE.Also Read | Upcoming IPOs: Nine public issues and one new listing scheduled for next week; check full list hereThe granted stock options, which are in compliance with SEBI's Share Based Employee Benefits Regulations, 2021, are convertible into one fully paid-up equity share each. This initiative aligns with IIFL Securities' broader strategy to foster a sense of ownership and long-term dedication among its employees.
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