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IndusInd Bank Ltd.

BSE: 532187 Sector: Financials
NSE: INDUSINDBK ISIN Code: INE095A01012
BSE 00:00 | 24 Apr IndusInd Bank Ltd
NSE 05:30 | 01 Jan IndusInd Bank Ltd

Grant Of Stock Options To Employees Of The Bank Under The Employee Stock Option Scheme 2007

April 25, 2020, 2:22 pm | Source: BSE

We hereby inform that the Compensation Committee at its meeting held on April 24 2020 has approved grant of 54000 Stock Options (convertible into 54000 Equity shares of the Bank upon exercise) to eligible employees of the Bank in terms of the ESOP Scheme of the Bank.

The main terms of the grant are mentioned below:

1. Grant Price Rs. 409.95 per share (closing price on NSE on Thursday April 23 2020 previous day closing price at the Stock Exchange having the highest trading volume).

2. Vesting Period: 3 years from date of vesting spread at 33% 33% and 34% at the intervals of one year from the date of grant.

3. Exercise Period: 5 years from date of vesting

This disclosure is being made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

A copy of this letter is being hosted on the Banks website at www.indusind.com

We request you to take the above information on record.