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Indusind Bank informs about grant of options to new joinees

28 Sep 2015 Evaluate

Indusind Bank has informed that the Bank has, on September 21, 2015, granted 193,000 Options to 8 new joinees, as a part of pre-hiring negotiations. The Grant of Options is on the basis of receipt of necessary approvals, in accordance with the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014 and the ESOP Scheme 2007 of the Bank, and the aforesaid Options would vest over a period of 3 years from the date of grant, spread at the rate of 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.

The above information is a part of company’s filings submitted to BSE.

Indusind Bank Share Price

860.45 -9.45 (-1.09%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
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Indusind Bank 860.45
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