INDUSIND BANK LTD. - 532187 - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Grant Of Stock Options To Eligible Employees Of The Bank
Intimation under Regulation 30 of the SEBI LODR, 2015 - Grant of Stock Options to eligible employees of the Bank We hereby inform that the Compensation Committee at its meeting held on October 10, 2019 has approved grant of 100,536 stock options (convertible into 100,536 Equity Shares of the Bank, upon exercise) to the 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. 1308.65 per share (closing price on NSE Ltd. on October 9,2019 - previous day closing price at the stock exchange having highest trading volume). 2. Vesting Period: 3 years spread at 33%, 33% and 34% at the intervals of one year from the date of grant. 3. Exercise Period: 5 years from the date of vesting. This disclosure is being made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. A copy of the same is being uploaded on the Bank's website at www.indusind.com11-10-2019