INDUSIND BANK LTD. - 532187 - Grant Of Stock Options To Employees Of The Bank Under The Employee Stock Option Scheme, 2007
We hereby inform that the Compensation Committee at its meeting held on, April 24, 2020, has approved grant of 54,000 Stock Options (convertible into 54,000 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 Bank's website at www.indusind.com We request you to take the above information on record.25-04-2020