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HDFC Bank grants 1,68,65,850 equity stock options

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Capital Market

Under ESOS

HDFC Bank has granted 1,68,65,850 equity stock options of the face value of Rs. 2/- ('options') each to the eligible employees of the Bank at the grant price of Rs. 1433.20

Under the current Scheme, 7,01,600 options are being granted to Aditya Puri, Managing Director, 3,19,000 options to Paresh Sukthankar, Deputy Managing Director and 2,32,000 options to Kaizad Bharucha, Executive Director, all subject to the approval of the Reserve Bank of India. The options were granted under the Scheme titled 'ESOS 27' in terms of SEBI (Share Based Employee Benefits) Regulations, 2014.

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First Published: Apr 06 2017 | 10:18 AM IST

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