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| Exchange Received Time 20/04/2017 15:57:02 Exchange Disseminated Time 20/04/2017 15:57:06 Time Taken 00:00:04 | | Dear Sir / Madam, Sub: Grant of Options to employees of the Bank under the Employee Stock Option Scheme 2007 Pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform that the Bank has, on April 19, 2017, granted Stock Options to certain employees of the Bank as given below: ? Grant of 16,000 Options to 4 new joinees (as a part of pre-hiring negotiations), representing 16,000 shares of Face Value of Rs.10 each; at a Close Price of Rs.1431.75 in NSE on Tuesday, April 18, 2017. The aforesaid 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. The information is being hosted on the Bank's website at www.indusind.com. We request you to take the above information on record. |
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