ESOP17 Aug 2026, 06:50 pm
Kotak Mahindra Bank Grants 3,47,410 Stock Options
AI Summary
Kotak Mahindra Bank Ltd announced on August 17, 2026, that its Nomination and Remuneration Committee has granted 3,47,410 Employee Stock Options under the Kotak Mahindra Equity Option Scheme, 2023. These options are for eligible employees and have a vesting schedule starting August 31, 2027, with exercise periods extending up to June 30, 2030. Each option entitles the holder to one equity share of face value Re. 1/-. The bank has made this intimation available on its investor relations website as per SEBI Listing Regulations.
Key Highlights
- 3,47,410 Employee Stock Options granted.
- Options granted under Kotak Mahindra Equity Option Scheme, 2023.
- Vesting begins August 31, 2027, with staggered vesting.
- Exercise period extends to June 30, 2030.
- Each option converts to one equity share.
Price Impact
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