IndusInd Bank has announced the approval of 81,500 stock options under its Employee Stock Option Scheme (ESOP). The grant was authorised by the Compensation and Nomination & Remuneration Committee on 18 March 2026. These options are convertible into 81,500 equity shares of the bank upon exercise.
The stock options have been granted to five eligible employees of IndusInd Bank. The grant price is set at ₹820.85 per share, which corresponds to the closing price on the National Stock Exchange (NSE) on 17 March 2026, the previous trading day. This price was determined based on the stock exchange with the highest trading volume.
The vesting period for these stock options is structured over three years from the date of grant. The vesting will occur in three tranches: 33% in the first year, another 33% in the second year, and the remaining 34% in the third year. Following the vesting period, the exercise period is set for five years.
This move is part of IndusInd Bank’s strategy to incentivise and retain key talent within the organisation by aligning their interests with the bank’s performance.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).