Indusind Bank Limited has informed the Exchange regarding Grant of 69000 Options.
INDUSINDBK · price
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IndusInd Bank's Compensation and Nomination & Remuneration Committee approved the grant of 69,000 stock options to 9 eligible employees on June 12, 2025, under the bank's Employee Stock Option Scheme. Each option is convertible into one equity share at a grant price of Rs. 836.30 per share, set at the NSE closing price on June 11, 2025. The options will vest over 3 years in tranches of 33%, 33%, and 34% at yearly intervals, with a 5-year exercise window from each vesting date.
This is a routine ESOP allotment with negligible dilution given the small size relative to the bank's overall share base. It signals employee retention efforts but is unlikely to materially affect the stock price.