Indusind Bank Ltd Grants 13500 Options to employees of the Bank under the Employee Stock Option Scheme

Indusind Bank Ltd has, on May 12, 2016, granted 13,500 Options to 4 new joinees, representing 13,500 shares of Face Value of Rs. 10 each at the Close Price of Rs. 1053.75 in NSE on May 11,2016.

The grant of Options is 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 aforesaid Options would vest over a period of 3 years from the date of grant, spread @ 33% - 33% - 34% at intervals of one year from the date of grant. The Options so granted and vested would have to be exercised within a period of five years from the date of vesting of such Options.

Shares of INDUSIND BANK LTD. was last trading in BSE at Rs.1062 as compared to the previous close of Rs. 1064.15. The total number of shares traded during the day was 32992 in over 1301 trades.

The stock hit an intraday high of Rs. 1069.7 and intraday low of 1054. The net turnover during the day was Rs. 35067929.

Source : Equity Bulls

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