Yes Bank Ltd Grants Options to employees of the Bank under Employee Stock Option Scheme "YBL TESOP V"

The Nomination and Remuneration Committee of Yes Bank Ltd on April 07, 2016 has granted 48,000 equity stock options of the face value of Rs. 10 each ("options") under the YBL JESOP V plan at a price of Rs. 834.05 each to the eligible employees of the Bank.

The Vesting of the option under YBL JESOP V scheme is as under:

- 50% of the equity stock options will vest at the end of third year from the grant date and 50% of the equity stock options will vest at the end of fifth year from the grant date.

These above options shall expire, if not exercised within ten years from the grant date.

The options granted as above are in terms of Securities and Exchange Board of India (Share Based Employee Benefits) Regulations, 2014.

Shares of YES BANK LTD. was last trading in BSE at Rs.859.6 as compared to the previous close of Rs. 849.8. The total number of shares traded during the day was 1019127 in over 5211 trades.

The stock hit an intraday high of Rs. 862.5 and intraday low of 848. The net turnover during the day was Rs. 872143173.

Source : Equity Bulls

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