IDFC First Bank has informed that in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021, as amended from time to time, the Nomination & Remuneration Committee on July 07, 2022 (Grant Date) has approved grant of 2,37,339 stock options to eligible employee under IDFC FIRST Bank Employee Stock Option Scheme. These stock options will vest equally over a period of five years (viz. 20% each year) and the exercise period of these options will be 3 years from the date of respective vesting.
The above information is a part of company’s filings submitted to BSE.
