ESOP31 Oct 2026, 10:00 am
Axis Bank Grants 1,05,460 Stock Options
AI Summary
Axis Bank Ltd announced that its Nomination and Remuneration Committee has granted 1,05,460 stock options to eligible employees under the Axis Bank Employees Stock Option Scheme 2000-01. The exercise price for these options is Rs. 1,217.00 per option. The options will vest in tranches over three years: 30% after one year, another 30% after two years, and the remaining 40% after three years. Grantees can exercise the vested options within five years of their respective vesting dates. The grant is in compliance with SEBI regulations.
Key Highlights
- 1,05,460 stock options granted to employees.
- Exercise price set at Rs. 1,217.00 per option.
- Vesting schedule spread over three years.
- Options exercisable within 5 years post-vesting.
Price Impact
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