ESOP27 Oct 2026, 08:10 pm
Indusind Bank Grants 55,106 Stock Options
AI Summary
Indusind Bank Ltd has granted 55,106 stock options, convertible into equity shares, to one eligible employee under its ESOP Scheme. The grant price is set at ₹904.80 per share. The options will vest over three years, with 33%, 33%, and 34% vesting at one-year intervals from the grant date. The exercise period is five years from the vesting date. This grant is made with the approval of the Reserve Bank of India.
Key Highlights
- 55,106 stock options granted to an employee.
- Grant price set at ₹904.80 per share.
- Vesting period of 3 years with phased allocation.
- Exercise period of 5 years post-vesting.
- Grant approved by the Reserve Bank of India.
Price Impact
More from INDUSINDBK