Kotak Mahindra Bank has granted 14,200 Employee Stock Options under Series 9 of the Kotak Mahindra Equity Option Scheme 2023. These options vest in four tranches of 25% each, starting November 30, 2026. Employees can exercise these options one year after the vesting date. Each option represents one equity share with a face value of ₹5.
ESOP Grant Details
Kotak Mahindra Bank has granted 14,200 Employee Stock Options to eligible employees under Series 9 of its Equity Option Scheme 2023.
Vesting Schedule
The options vest in four installments:
- 25% vesting on November 30, 2026
- 25% vesting on June 30, 2027
- 25% vesting on June 30, 2028
- 25% vesting on June 30, 2029
Exercise Period
The exercise period for these options begins one year after the respective vesting dates.
Share Value
Each option entitles the grantee to one equity share with a face value of ₹5.
Source: BSE
