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 ON 18TH MARCH 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 1,25,00,000 stock options convertible into 1,25,00,000 equity shares of Rs. 2/- each of the Bank at a price of Rs. 488.35/- per equity share of Rs. 2/- each, being the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Tuesday, 17th March 2020 i.e. being the previous trading day immediately preceding the date on which the grant was approved by the NRC, to the some of the eligible employees of the Bank and some of its subsidiary companies, in terms of the Employee Stock Option Scheme of the Bank - XXV formulated and adopted by the Bank, in terms of the relevant provisions of the SEBI (Share Based Employee Benefits) Regulations, 2014, amended18-03-2020