Rategain grants 67,631 equity shares under employee stock purchase scheme | Business Upturn

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Rategain Travel Technologies has announced the grant of 67,631 equity shares under its Employee Stock Purchase Scheme – 2023. The shares are offered at a price of Rs 750 per share, as approved by the Nomination and Remuneration Committee on 26 March 2026.

The scheme outlines a lock-in or vesting period of four years, with the release of shares scheduled in the following manner: 10% in the first year, 20% in the second year, 30% in the third year, and 40% in the fourth year. The exercise period for these shares extends to three years.

This initiative is in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Employee Stock Purchase Scheme Mukesh Kumar Rategain Travel Technologies