HDFC Bank approves granting Of Options Under Employee Stock Option Scheme - ESOS 27

The Nomination and Remuneration Committee of HDFC Bank has granted 1,68,65,850 equity stock options of the face value of Rs. 2/- ('options') each to the eligible employees of the Bank at the grant price of Rs. 1433.20 (Rupees One Thousand Four Hundred and Thirty Three and Paise Twenty Only).

Under the current Scheme, 7,01,600 options are being granted to Mr. Aditya Puri, Managing Director, 3,19,000 options to Mr. Paresh Sukthankar, Deputy Managing Director and 2,32,000 options to Mr. Kaizad Bharucha, Executive Director, all subject to the approval of the Reserve Bank of India.

The options were granted under the Scheme titled 'ESOS 27' in terms of SEBI (Share Based Employee Benefits) Regulations, 2014.

Shares of HDFC BANK LTD. was last trading in BSE at Rs.1433.45 as compared to the previous close of Rs. 1432.7. The total number of shares traded during the day was 65517 in over 1966 trades.

The stock hit an intraday high of Rs. 1446 and intraday low of 1430. The net turnover during the day was Rs. 94156124.

Source : Equity Bulls

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