IRIS Business Services has granted 20,000 stock options under its IRIS ESOP 2023 to eligible employees.

Each option has an exercise price of INR 379.65. These options, covering 20,000 equity shares, will vest over three years: 33% on the first anniversary, 33% on the second, and 34% on the third.

This move aims to align employee incentives with shareholder value and could lead to minor equity dilution upon exercise.

Investors should monitor future exercise trends.