ESOPOct 26, 2026, 06:56 AM
HDFC Bank Grants 13 Lakh+ Stock Options at Rs. 692.80 Each
AI Summary
HDFC Bank announced that its Governance, Nomination and Remuneration Committee has granted 13,02,379 equity stock options under its ESOS – Plan H-2024. The grant price is Rs. 692.80 per option, convertible into one equity share. Vesting will occur in four stages over 48 months, with options needing to be exercised within four years of vesting. This action is in compliance with SEBI regulations.
Key Highlights
- HDFC Bank's Governance, Nomination and Remuneration Committee granted 13,02,379 equity stock options.
- The grant price for each option is Rs. 692.80.
- Options are convertible into one equity share each upon vesting and exercise.
- Vesting occurs in 4 stages over 48 months: 25% at 12, 24, 36, and 48 months.
- Vested options must be exercised within 4 years of vesting, or they lapse.
- The options are granted under the Employees’ Stock Option Scheme (ESOS) – Plan H-2024 (ESOS 065).
Price Impact
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