AXIS BANK LTD. - 532215 - APPROVAL OF GRANT OF STOCK OPTIONS BY THE NOMINATION AND REMUNERATION COMMITTEE OF THE BOARD OF DIRECTORS OF AXIS BANK LIMITED ('THE BANK') ON 26TH OCTOBER 2020
This is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Bank (NRC) has today approved the grant of 75,000 stock options convertible into 75,000 equity shares of Rs. 2/- each of the Bank at a price of Rs. 507.20/- per equity share of Rs. 2/- each, being the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Friday, 23rd October 2020 i.e. the previous trading day immediately preceding the date on which the grant was approved by the NRC, to the eligible employee of the Bank, in terms of the Employee Stock Option Scheme of the Bank - XXVII formulated and adopted by the Bank, in terms of the provisions of the SEBI (Share Based Employee Benefits) Regulations, 2014. You are requested to take note of above and arrange to bring the above to the notice of all concerned.26-10-2020
