ESOP18 May 2026, 10:21 am
CSB Bank Grants 5,90,469 Stock Options Under ESOP 2019
AI Summary
CSB Bank Ltd's Nomination & Remuneration Committee approved the grant of 5,90,469 stock options to eligible employees under the CSB Employee Stock Option Scheme 2019. These options are exercisable into an equivalent number of equity shares with a face value of ₹10 each, at an exercise price of ₹358.65 per share. The options will vest in installments over four years, with 25% vesting annually starting May 18, 2027. The exercise period is 3 years from the vesting date.
Key Highlights
- CSB Bank grants 5,90,469 stock options to employees under ESOP 2019.
- Exercise price is set at ₹358.65 per equity share.
- Options vest in four annual installments starting May 18, 2027.
- Exercise period is 3 years from the date of vesting.
- The grant complies with SEBI regulations on share-based employee benefits.
Price Impact
More from CSBBANK