Royal Enfield-maker Eicher Motors grants 1,31,900 restricted stock units to employees

Royal Enfield-maker Eicher Motors grants 1,31,900 restricted stock units to employees

The units will be exercisable after three years and each of them will fetch an equity share of Rs 1 face value.

FPJ Web DeskUpdated: Thursday, May 11, 2023, 10:12 PM IST
Royal Enfield-maker Eicher Motors grants 1,31,900 restricted stock units to employees
Photo by Prithivi Rajan from Pexels

According to an exchange filing, heavy vehicles and motorcycle maker Eicher Motors has granted 1,31,900 restricted stock units to its employees.

The restricted stock units will be exercisable after three years and each unit will fetch an equity share of Rs 1 face value.