For Quick Alerts
For Daily Alerts

Indusind Bank grants 193,000 options to 8 new joinees

By Religare

Leading private sector bank, Indusind Bank Limited has said that it has granted options to new joinees on September 21, 2015 as a part of pre-hiring negotiations.

"Indusind Bank has 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", the new generation Indian bank informed in a filing to the Bombay Stock Exchange.


This granted option belongs for a period of 3 years from the date of grant, providing a yield of 33 per cent, 33 per cent and 34 per cent at each interval of one year.

The granted and vested option has to be exercised within a period of five years from the date of vesting the option.

Meanwhile, shares of the company closed at Rs 921.00 a piece, down 0.51 per cent from the previous close on BSE.

Story first published: Monday, September 28, 2015, 23:00 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more