Tata Power has approved the grant of 64.88 lakh employee stock options under its Employee Stock Option Plan (ESOP) 2023, giving eligible employees an opportunity to acquire equity in the company as they continue their association with the business.
The company’s Nomination and Remuneration Committee approved 64,88,790 stock options, each convertible into one fully paid-up equity share with a face value of Rs 1, according to a regulatory filing dated 11 November, 2026.
The options have been priced at Rs 360 each, based on Tata Power’s closing share price on the National Stock Exchange on 9 November. They will vest over a period of one to three years from the date of grant. Employees will have up to two years to exercise the options once they vest.
The grant is subject to the conditions of the ESOP 2023 and the eligibility criteria determined by the committee. Tata Power clarified that none of the options had vested or been exercised at the time of the regulatory disclosure. The allocation, therefore, does not amount to an immediate issue of shares to employees.
The stock option grant comes as Tata Power expands investments across renewable energy, solar manufacturing, transmission and distribution, and energy storage.
During the first half of FY27, Tata Power invested close to Rs 10,000 crore in capital expenditure to support capacity additions and infrastructure development across its businesses.