Bandhan Bank grants 2,49,700 equity stock options to eligible employees

Bandhan Bank grants 2,49,700 equity stock options to eligible employees

New Delhi: Kolkata headquartered Bandhan Bank Limited, informed that the Nomination and Remuneration Committee at its meeting held on November 20, 2023, granted 2,49,700 equity stock options of the face value of Rs. 10 each (‘ESOPs’), at the grant price of Rs. 217 per option to the eligible employees of the Bank. 

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2,49,700 equity shares of Rs. 10 each of the Bank. Each stock option carries the right to apply for and be allotted 1 (one) equity share of face value of Rs. 10 each of the Bank.

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Moreover, the exercise period shall be a maximum of five years from the date of the respective vesting of Options.

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