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 10,07,000 Stock Options (convertible upon exercise into 10,07,000 Equity shares of the Bank) were granted today, i.e., August 14, 2020 to 18 eligible employees in terms of the Scheme. The main terms of the grant are mentioned below: 1. Grant Price Rs. 518.75 per share (Close Price on NSE on Thursday, August 13, 2020, viz., previous 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 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 Bank's website at www.indusind.com14-08-2020