Axis Bank approves grant of 85 lakh stock options

The Nomination and Remuneration Committee of the Board of Directors of Axis Bank (Nomination and Remuneration Committee) at its meeting held today approved the grant of up to 85,00,000 stock options convertible into 85,00,000 equity shares of Rs. 2/- each of the Bank at a price of Rs. 503/- per equity share of Rs. 2/- each.

Shares of AXIS BANK LTD. was last trading in BSE at Rs.500 as compared to the previous close of Rs. 502.6. The total number of shares traded during the day was 529204 in over 5462 trades.

The stock hit an intraday high of Rs. 508.5 and intraday low of 498.5. The net turnover during the day was Rs. 266135991.

Source : Equity Bulls

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