Grant of 1 lakh stock options to 11 employees at Rs. 849.55 per share
Committee approved grant of 1 lakh stock options to 11 eligible employees at Rs. 849.55 per share.
By ScoutQuest · · 1 min read
- Stock options granted
- 1 lakh stock options
- Eligible employees
- 11 eligible employees
- Grant price
- Rs. 849.55 per share
IndusInd Bank's Compensation and Nomination & Remuneration Committee approved the grant of 1 lakh stock options to 11 eligible employees on October 22, 2026. The options are convertible into equity shares of the bank upon exercise.
Key terms
- Grant price: Rs. 849.55 per share. The update says this is the close price on NSE on October 21, 2026, the previous trading day's close at the stock exchange with the highest trading volume.
- Vesting: 3 years from the date of grant, in three tranches of 33%, 33% and 34% at one-year intervals.
- Exercise period: 5 years from the date of vesting.
What this means
An ESOP grant is a form of employee compensation. The options give eligible employees the right to receive equity shares after vesting, subject to exercise. The grant itself does not immediately issue shares; the share count can change when options are exercised.
The key figures in the update are the grant size of 1 lakh options, the 11 eligible employees covered, and the grant price of Rs. 849.55 per share, which the update links to the previous trading day's close on the exchange with the highest trading volume.
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More numbers
- Stock options granted1,00,000
- Eligible employees covered11
- Grant price per shareRs. 849.55
- Vesting period3 years
- First vesting tranche33%
- Second vesting tranche33%
- Third vesting tranche34%
- Exercise period from vesting5 years
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