PB Fintech Grants Stock Options to Employees
PB Fintech, parent company of Policybazaar and Paisabazaar, approved a stock option grant of 1,75,680 options at an exercise price of Rs. 10.00 per share on March 21, 2024. The options will vest over four years, with 25% vesting each year. This grant will increase the company's paid-up share capital by 0.04% if fully exercised. The move aims to retain talent, align employee interests with shareholders, and encourage long-term commitment.

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PB Fintech Approves Stock Option Grant
PB Fintech , the parent company of Policybazaar and Paisabazaar, has recently approved a significant stock option grant for its employees. This move comes as part of the company's ongoing efforts to align employee interests with those of the shareholders and to retain top talent.
Key Details of the Stock Option Grant
- Date of Approval: March 21, 2024
- Total Options Granted: 1,75,680
- Exercise Price: Rs. 10.00 per share
Impact on Share Capital
The stock option grant will have a minimal impact on the company's share capital. Upon full exercise of these options, it would lead to an increase of only 0.04% in the paid-up share capital of PB Fintech.
Vesting Schedule
The granted options will vest over a period of four years, following this schedule:
| Year | Vesting Percentage |
|---|---|
| 1 | 25% |
| 2 | 25% |
| 3 | 25% |
| 4 | 25% |
Significance of the Move
This stock option grant serves multiple purposes for PB Fintech:
- Employee Retention: By offering stock options, the company aims to retain its valuable employees, especially in a competitive job market.
- Alignment of Interests: Stock options help align the interests of employees with those of the company and its shareholders.
- Long-term Commitment: The four-year vesting schedule encourages employees to commit to the company's long-term success.
Conclusion
PB Fintech's decision to grant stock options demonstrates its commitment to employee welfare and long-term growth. While the immediate impact on share capital is minimal, the long-term benefits of employee retention and alignment of interests could prove valuable for the company's future performance.
Historical Stock Returns for PB FinTech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.14% | +5.69% | +3.10% | +6.18% | -4.05% | +55.23% |















































