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 [‘SEBI (SBEB & SE) Regulations’], the Nomination & Remuneration Committee of the Bank has approved the grant of 9,00,000 stock options to eligible employees of the Bank under ‘IDFC FIRST Bank Limited - Employee Stock Option Scheme’. The Exercise Price of these stock options has been determined in accordance with the SEBI (SBEB & SE) Regulations and will vest equally over a period of four years (viz. 25% each year) with an exercise period of 3 years from date of respective vesting.
The above information is a part of company’s filings submitted to BSE.
