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MUMBAI - Axis Bank (NSE:AXBK) Limited (NSE:AXISBANK) announced today it has granted 137,575 stock options to eligible employees under its Employees Stock Option Scheme 2000-01.
The options were approved by the bank’s Nomination and Remuneration Committee at a meeting held on Wednesday. The exercise price for each option is set at ₹1,165.90, according to a press release statement.
The granted options will vest over a three-year period, with 30% vesting at the end of the first year, another 30% at the end of the second year, and the remaining 40% at the end of the third year from the grant date.
Recipients will have five years from each respective vesting date to exercise their options. Each option corresponds to one equity share of the bank with a face value of ₹2.
The pricing was determined based on the closing price of Axis Bank shares on the National Stock Exchange of India (NSE) on July 15, 2025, which recorded the highest trading volume for the bank’s equity shares on the day preceding the grant approval.
The bank confirmed that the stock option scheme complies with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021.
The committee meeting where the grants were approved began at 10:30 am IST and concluded at 1:40 pm IST.
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