AXIS BANK LTD. - Grant of Stock Options

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26 Apr 2016
AXIS Bank Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Bank (Nomination and Remuneration Committee) at its meeting held on April 26, 2016 approved the grant of up to 75,00,000 stock options convertible into 75,00,000 equity shares of Rs. 2/- each at a price of Rs. 469.90/- per equity share of Rs. 2/- each, being the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on April 25, 2016 i.e. the day immediately preceding the date on which the grant was approved by the Nomination and Remuneration Committee, to the eligible Employees and Directors of the Bank and eligible Employees and Directors of its Subsidiary Companies of the Bank, in terms of the Employee Stock Option Scheme of the Bank - XVII formulated and adopted by the Bank, In terms of the provisions of the SEBI (Share Based Employee Benefits) Regulations, 2014.
View all announcements for AXIS BANK LTD.	Source: BSE India

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