ESOP28 Oct 2026, 07:20 pm
Bandhan Bank Grants 32.98 Lakh Equity Stock Options
AI Summary
Bandhan Bank Limited announced that its Board of Directors has granted 32,98,871 equity stock options (ESOPs) under the Bandhan Bank Employee Stock Option Plan Series 1. The options were granted at a price of Rs. 151.91 per option to eligible employees. These ESOPs will vest in tranches over four years, with 25% vesting annually. The exercise period for the options is a maximum of five years from the respective vesting dates. The plan is formulated under SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
Key Highlights
- Bandhan Bank granted 32,98,871 equity stock options.
- Grant price set at Rs. 151.91 per option.
- ESOPs vest over four years in equal tranches.
- Exercise period is up to five years post-vesting.
- Plan complies with SEBI SBEBSE Regulations, 2021.
Price Impact
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