RBL Bank Limited Grants Stock Options to Employees
RBL Bank Limited announced on March 21, 2026, that its Nomination and Remuneration Committee approved the grant of 238,000 stock options to eligible employees. The options are convertible into 238,000 equity shares, each with a face value of Rs. 10.The exercise price for the options has been set at Rs. 297.25 per option, based on the closing price on the National Stock Exchange of India Limited on March 20, 2026.
Vesting of the options will occur over three years, with 30% vesting at the end of the first year, 30% at the end of the second year, and the remaining 40% at the end of the third year. Options can be exercised within a five-year period from the vesting date. The grants are made under the Employee Stock Option Plan 2013 (ESOP 2013) and Employee Stock Option Plan 2018 (ESOP 2018) of the Bank.
| Detail | Information |
|---|---|
| Options Granted | 238,000 |
| Equity Shares | 238,000 |
| Face Value per Share | Rs. 10 |
| Exercise Price per Option | Rs. 297.25 |
| Vesting Schedule | 30% Year 1, 30% Year 2, 40% Year 3 |
| Exercise Period | Five years from vesting date |
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