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Board of Tata Consumer Products approves Share-based Long Term Incentive Scheme

Capital Market 

At meeting held on 22 October 2021

The Board of Tata Consumer Products at its meeting held on 22 October 2021 has approved the Share-based Long Term Incentive Scheme 2021 for the issuance of equity shares of the Company in the form of Performance Shares Units (PSUs) to the eligible employees of the Company as per the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.

The Company would be issuing upto 5,00,000 PSUs of face value of Re. 1 each, in one or more tranches, as part of the aforesaid Scheme, constituting 0.054% of the Company's present paid-upshare capital, subject to approval of the shareholders.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Sat, October 23 2021. 09:59 IST