Bandhan Bank has granted 6,43,983 equity stock options to its Executive Directors under the Employee Stock Option Plan Series 1, Tranche 7. The options have a face value of ₹10 each and are granted at a price of ₹166.99 per option. The grant was approved on October 21, 2025, by the Nomination and Remuneration Committee of the Board.
Stock Option Grant Details
Bandhan Bank has announced the grant of 6,43,983 equity stock options to its Executive Directors under the ‘Bandhan Bank Employee Stock Option Plan Series 1’ – Tranche 7. The grant was officially approved by the Nomination and Remuneration Committee (NRC) on October 21, 2025.
Key Option Features
Each equity stock option has a face value of ₹10 and has been granted at a price of ₹166.99 per option. The stock options are referred to as ‘ESOPs’ in the official communication and each option entitles the holder to one equity share.
Vesting Schedule
The granted ESOPs will vest according to the following schedule:
- 25% of the options will vest one year from the grant date.
- A further 25% of the options will vest two years from the grant date.
- An additional 25% of the options will vest three years from the grant date.
- The remaining 25% of the options will vest four years from the grant date.
Exercise Period
The exercise period for the options extends to a maximum of five years from the date of respective vesting.
Source: BSE