IndusInd Bank Grants 18,500 Stock Options Under ESOP Scheme to Employees
The Compensation and Nomination & Remuneration Committee of IndusInd Bank Ltd approved the grant of stock options under the Employee Stock Option Scheme (ESOP) to select employees. The decision was made on June 24, 2026.In line with the bank's incentive program, the committee approved the allotment of 18,500 stock options to five eligible employees. These options are convertible into 18,500 equity shares of the Bank upon being exercised by the recipients.
The grant details set forth specific terms regarding pricing, vesting, and exercise periods for the employees involved.
Key terms of the ESOP grant include:
- Grant Price: The stock options were granted at a price of Rs. 905.45 per share. This figure was determined based on the closing price of the Bank's shares on June 23, 2026.
- Vesting Period: Employees have three years from the date of the grant to complete the vesting period. The vesting is structured in stages at 33%, 33%, and 34% across three one-year intervals following the grant date.
- Exercise Period: Following the completion of the vesting period, employees will have five years to exercise the granted options.
The initiative focuses on rewarding and motivating the Bank's eligible workforce through the provided stock option incentives.
INDUSINDBK Stock Price Movement
Shares of IndusInd Bank Limited are edging higher to ₹915.55 as of 11:39 AM today, gaining 1.12% in the live trading session. The stock has seen a robust volume of 481,606 shares traded so far this morning.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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