IDFC Bank Ltd Grants Stock Options to its employees

Pursuant to IDFC Bank Employee Stock Option Scheme 2015 ("IDFC Bank - ESOS 2015"), IDFC Bank Ltd has granted to its employees the stock options.

13,50,000 options equivalent to 13,50,000 equity shares at a price of Rs.74.20 per equity share on October 14, 2016.

65,000 options equivalent to 65,000 equity shares at a price of Rs.58.75 per equity share on December 26, 2016.

50,000 options equivalent to 50,000 equity shares at a price of Rs.63.25 per equity share on January 16, 2017.

These options shall vest over a maximum period of 5 years and shall be exercisable within a period of 4 years from the date of vesting.

Source : Equity Bulls

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