KOTAKBANK · price
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Kotak Mahindra Bank's Nomination and Remuneration Committee has granted 20,15,350 employee stock options to eligible employees of the Bank and its subsidiary companies under the Kotak Mahindra Equity Option Scheme, 2023. The grant date is May 15, 2026. Each option entitles the holder to one equity share of Re. 1 face value. Vesting occurs in four equal tranches of 25% each on May 18 of 2027, 2028, 2029, and 2030. The exercise period is one year from the respective vesting date.
Standard ESOP grant with no immediate shareholder impact. The options create future share dilution equivalent to ~20 lakh shares spread over four vesting years, aligning employee interests with long-term shareholder value.