SBI Life grants 830,000 employee stock options

On September 18, 2025, SBI Life Insurance Company announced the grant of 830,000 employee stock options under its ESOS – 2018 Scheme. Each option, upon exercise, entitles the holder to one equity share of INR 10. The scheme aligns with the SEBI (Share Based Employees Benefits and Sweat Equity) Regulations, 2021.

The exercise price for these options will be the lower of the fair market value (FMV) on the grant date or the average FMV over the 15 trading days immediately preceding the grant date. Vesting of the options will occur in proportions of 30%-30%-40%, commencing one year from the grant date.

The granted options must be exercised within seven years from the grant date. The announcement clarified that as of the reporting date, no options have been exercised or lapsed, and no money has been realized from option exercises. There have also been no variations in terms or subsequent cancellations of these options.