CSB Bank Limited has approved the grant of 2,01,451 stock options to eligible employees under the CSB Employee Stock Option Scheme 2019. The Nomination & Remuneration Committee of the Board of Directors approved the grants in its meeting on September 19, 2024.
The options are exercisable into equity shares of ₹10 face value each, at an exercise price of ₹320.25 per share. The options will vest in stages, starting from 12 months after the grant date and continuing over a period of up to 72 months. Employees will have three years to exercise the options once vested.
The exercise price is based on the latest available closing price on the National Stock Exchange (NSE) as of September 18, 2024. The meeting concluded at 10:25 AM, and the announcement is available on the bank’s website.
