Bandhan Bank has granted 2,96,455 equity stock options to its eligible employees under the ‘Bandhan Bank Employee Stock Option Plan Series 1’ (‘ESOP Series 1‘). These options have a face value of ₹10 each and were granted at a price of ₹167.08 per option. The grant was approved by the Nomination and Remuneration Committee of the Board on September 20, 2025.
ESOP Grant Details
Bandhan Bank granted 2,96,455 ESOPs to eligible employees under the ‘Bandhan Bank Employee Stock Option Plan Series 1’, Tranche 7.
Key Scheme Information
The ‘ESOP Series 1’ has been formulated and approved by the Shareholders. Each option allows the holder to apply for one equity share with a face value of ₹10.
Vesting Schedule
The ESOPs will vest as follows:
- 25% will vest upon completion of one year from the grant date.
- 25% will vest upon completion of two years from the grant date.
- 25% will vest upon completion of three years from the grant date.
- 25% will vest upon completion of four years from the grant date.
Exercise Period
The options must be exercised within a maximum period of five years from their respective vesting dates.
Pricing
The ESOPs have been granted at a price based on the latest available closing price on the National Stock Exchange of India Limited on Friday, September 19, 2025, which was the trading day immediately preceding the grant approval date.
Source: BSE
