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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]
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