ESOP8 Sept 2026, 10:30 am
Kotak Mahindra Bank Grants 7,14,080 Employee Stock Options
AI Summary
Kotak Mahindra Bank Ltd announced that its Nomination and Remuneration Committee has granted 7,14,080 Employee Stock Options (ESOPs) under the Kotak Mahindra Equity Option Scheme, 2023. The options were granted on September 07, 2026, with vesting scheduled to occur in tranches starting from September 10, 2027, and concluding on May 18, 2030. Each option entitles the holder to one equity share of face value Re. 1/-. The details of the grant are available on the bank's investor relations website.
Key Highlights
- 7,14,080 ESOPs granted to eligible employees.
- Grant date: September 07, 2026.
- Vesting period spans from September 2027 to May 2030.
- Each option converts to one equity share.
Price Impact
More from KOTAKBANK