ESOP20 Aug 2026, 08:20 pm
South Indian Bank Grants 27.36 Lakh ESOPs
AI Summary
South Indian Bank Ltd. announced the grant of 27,36,230 stock options to 306 eligible employees under Tranche 21 of the SIB ESOS – 2008 scheme. This grant is part of their non-cash variable pay for the Financial Year 2025-26. The options are priced using the Black Scholes Model, with an option premium of ₹30.96 and an exercise price of ₹22.50, representing a 50% discount on the market price of ₹45.00. Vesting will occur in tranches over 12, 24, and 36 months, with exercise possible within five years from the vesting date. The bank has also ensured compliance with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021, and has hosted the details on its website.
Key Highlights
- South Indian Bank grants 27.36 lakh ESOPs to employees.
- Grant is for FY 2025-26 non-cash variable pay.
- Options priced at ₹22.50, a 50% discount to market price.
- Vesting schedule spans 12, 24, and 36 months.
- Scheme complies with SEBI (SBEB&SE) Regulations, 2021.
Price Impact
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