Axis Bank announced that its Nomination and Remuneration Committee has granted 1,05,460 stock options to eligible employees. The exercise price for these options is set at ₹1,217.00 per option. This grant is under the Axis Bank Employees Stock Option Scheme 2000-01, with vesting occurring over a three-year period. Options can be exercised within five years of their respective vesting dates.
Stock Option Grant by Axis Bank
On October 31, 2026, the Nomination and Remuneration Committee (“NRC”) of Axis Bank convened to approve the grant of stock options. A total of 1,05,460 stock options were granted to eligible employees of the Bank. Each option carries an exercise price of ₹1,217.00.
Scheme Details and Vesting Schedule
These options are granted under the Axis Bank Employees Stock Option Scheme 2000-01. The total number of equity shares covered by these options is 1,05,460, with each share having a face value of ₹2.00. The pricing formula for the grant was based on the latest available closing price on the NSE on October 30, 2026.
The vesting of these stock options will occur in tranches:
- 30% of the granted options will vest at the end of 1 year from the grant date.
- Another 30% will vest at the end of 2 years from the grant date.
- The remaining 40% will vest at the end of 3 years from the grant date.
The grantees will be eligible to exercise these options within a period of 5 years from the date of their respective vesting.
Source: BSE
