ESOP15 May 2026, 09:30 pm
Kotak Bank Grants 20,15,350 Employee Stock Options
AI Summary
Kotak Mahindra Bank Ltd has granted 20,15,350 Employee Stock Options under the Kotak Mahindra Equity Option Scheme, 2023 to eligible employees of the Bank and its subsidiary companies on May 15, 2026. The options vest in four tranches of 25% each on May 18, 2027, May 18, 2028, May 18, 2029 and May 18, 2030, with an exercise period of one year from the respective vesting dates. Each option entitles the grantee to one equity share of face value ₹1.
Key Highlights
- Kotak Bank grants 20,15,350 stock options under ESOP Scheme 2023.
- Options vest in four tranches starting May 18, 2027.
- Each option converts to one equity share of ₹1 face value.
- Exercise period is one year from the vesting date.
Price Impact
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