INDUSIND BANK LTD. - 532187 - Grant Of Stock Options Under The Employee Stock Option Scheme Of The Bank (ESOP Scheme)
In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015, we hereby inform that the Compensation and Nomination & Remuneration Committee at its meeting held today, February 21, 2022 had approved grant of 35,500 Stock Options (convertible into 35,500 Equity shares of the Bank, upon exercise) to 4 Eligible Employees in terms of the ESOP Scheme. The main terms of the grant are mentioned below: 1. Grant Price: Rs.955.35 per share (Close Price on NSE on Friday, February 18, 2022, viz., previous trading day's Close Price at the Stock Exchange having the highest trading volume). 2. Vesting Period: 3 years from date of grant, 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.21-02-2022