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Indusind Bank informs about grant of options

17 Jul 2019 Evaluate

Indusind Bank has informed that the Bank as on July 12, 2019, pursuant to the Composite Scheme of Arrangement amongst Bharat Financial Inclusion (BFIL), the Bank and IndusInd Financial Inclusion Limited (IFIL), a wholly-owned subsidiary of the Bank and their respective Shareholders and Creditors (the Scheme) sanctioned by Honble National Company Law Tribunal, Mumbai Bench (NCLT), approved issuance of 1) 30,01,266 Stock Options of the Bank to the employees of BFIL and 2) 22,86,540 IBL Special Incentive Stock Options.

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

Peers
Company Name CMP
HDFC Bank 692.10
ICICI Bank 1395.00
Axis Bank 1214.05
Kotak Mahindra Bank 430.10
Indusind Bank 835.00
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