Listing requirement: shares from pre-IPO employee options or SARs must be listed immediately upon exercise, subject to compliance. Shares arising from options or Stock Appreciation Rights granted to employees before an unlisted company's initial public offering must be listed ... Summary
Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014
Listing requirement: shares from pre-IPO employee options or SARs must be listed immediately upon exercise, subject to compliance.
Shares arising from options or Stock Appreciation Rights granted to employees before an unlisted company's initial public offering must be listed immediately upon exercise on all recognised stock exchanges where the company is listed, subject to compliance with applicable securities issuance and disclosure requirements and any additional regulatory conditions relating to post-IPO implementation of employee benefit schemes.
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