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INDUSIND BANK LTD. - Grant of Options to employees of the Bank under the Employee Stock Option Scheme
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13 May 2016
Indusind Bank Ltd has informed BSE that the Bank has, on May 12, 2016, granted 13,500 Options to 4 new joinees, representing 13,500 shares of Face Value of Rs. 10 each at the Close Price of Rs. 1053.75 in NSE on May 11,2016.&lt;BR&gt;&lt;BR&gt;The grant of Options is in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the ESOP Scheme 2007 of the Bank.&lt;BR&gt;&lt;BR&gt;The aforesaid Options would vest over a period of 3 years from the date of grant, spread @ 33% - 33% - 34% at intervals of one year from the date of grant. The Options so granted and vested would have to be exercised within a period of five years from the date of vesting of such Options.
View all announcements for INDUSIND BANK LTD. Source: BSE India

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