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Titan Company Limited ( (IN:TITAN) ) has issued an update.
Titan Company Limited has announced the grant of 5,300 Performance Stock Units (PSUs) to eligible employees under its Performance Based Stock Unit Scheme 2023. This initiative, conducted through a trust mechanism, ensures that no new shares will be issued, thereby preventing any dilution of earnings per share. The granted PSUs will vest over three years and can be exercised within two years post-vesting, aligning with SEBI regulations. This move is expected to enhance employee engagement and align their interests with company performance, potentially bolstering Titan’s market position and operational efficiency.
More about Titan Company Limited
Titan Company Limited is a prominent player in the consumer products industry, primarily engaging in the production and distribution of watches, jewellery, eyewear, and accessories. The company is based in Bangalore, India, and is known for its focus on innovation and design, catering to a diverse market both domestically and internationally.
YTD Price Performance: 10.02%
Average Trading Volume: 50,664
Current Market Cap: 3178.5B INR
For an in-depth examination of TITAN stock, go to TipRanks’ Stock Analysis page.
