Grant of 18,75,514 stock options at Rs. 168.58 under ESOP Series 1 – Tranche 9
18,75,514 stock options granted to eligible employees on October 15, 2026.
By ScoutQuest · · 2 min read
- Options Granted
- 18,75,514 stock options granted to eligible employees on October 15, 2026
- Grant Price
- Rs. 168.58 per option; face value Rs. 10 each
- Vesting & Exercise
- 25% each year over four years; exercise window maximum five years from each vesting
What was granted
The Nomination and Remuneration Committee of the Board granted 18,75,514 equity stock options to eligible employees of the Bank on October 15, 2026, under 'Bandhan Bank Employee Stock Option Plan Series 1' – Tranche 9.
Key terms at a glance
- Options granted: 18,75,514
- Face value of each share: Rs. 10
- Grant price: Rs. 168.58 per option
- Shares covered by these options: 18,75,514 equity shares of Rs. 10 each
- Each option carries the right to apply for and be allotted 1 (one) equity share of face value Rs. 10
- Pricing basis: the grant price is the latest available closing price on the National Stock Exchange of India Limited, the exchange with the highest trading volumes in the Bank's shares on Wednesday, October 14, 2026, the trading day immediately preceding the date the grant was approved
How the options vest
- 25% of the options vest on completion of one year from the date of grant
- 25% vest on completion of two years from the date of grant
- 25% vest on completion of three years from the date of grant
- 25% vest on completion of four years from the date of grant
- The exercise period is a maximum of five years from the date of respective vesting
What this means
An employee stock option is a right given to employees to apply for shares at a fixed price later. Here, that fixed price is Rs. 168.58 per option, and the shares carry a face value of Rs. 10 each. Because the options vest in four equal parts of 25% over four years, employees do not get the whole lot at once.
The shares covered by these options are 18,75,514 equity shares of Rs. 10 each. These shares would come into existence for the employee only when the option is exercised and shares are allotted. The plan, ESOP Series 1, was formulated and approved by the shareholders, under the SEBI (Share Based Employee Benefits) Regulations, 2014, which have since been replaced by the SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
How to read it
- This is a disclosure of an employee benefit action, not a fund-raising or business announcement.
- The grant price is tied to the market price on the trading day before approval, so it is the price at which the employees can apply for shares later.
- The staggered vesting and the five-year exercise window spread any eventual allotment over time.
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16 Oct 2026
Board meeting on October 28, 2026 to consider and approve Q2 and half-year unaudited results
15 Oct 2026
Bandhan Bank rose 9% on potential money inflow from external investors with short covering seen; Federal Bank also saw similar action
14 Oct 2026
More numbers
- Stock options granted18,75,514
- Face value per shareRs. 10
- Grant price per optionRs. 168.58
- Equity shares covered by these options18,75,514
- Shares each option entitles the holder to apply for1 (one)
- Vesting tranche on each of the four anniversaries25%
- Maximum exercise period from respective vestingfive years
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