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.
