HDFC Bank Grants Over 7.4 Cr Stock Options and RSUs

HDFC Bank's Governance, Nomination and Remuneration Committee (GNRC) has approved the grant of equity stock options and restricted stock units (RSUs) under its employee incentive schemes. A total of 5,86,95,020 stock options were granted under ESOS – Plan H-2024 (ESOS 063) at a grant price of ₹712.10. Additionally, 2,90,430 stock options were granted under ESOS 064 at the same price. The bank also granted 1,53,73,400 RSUs under the Employees’ Stock Incentive Master Scheme – 2022 (RSU 018) at ₹1, and 65,287 RSUs under RSU 019 at ₹1. A further 12,80,130 RSUs were granted under RSU 020 at ₹1. Vesting schedules vary across these grants, with exercise periods ranging from 1 to 4 years post-vesting. These grants are in compliance with SEBI regulations.