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Axis Bank Ltd. - Approval Of Grant Of Stock Options By The Nomination And Remuneration Committee Of The Board Of Directors Of Axis Bank Limited (The Bank) On 29Th July 2019.

| Updated on July 30, 2019 Published on July 30, 2019

This is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Bank (NRC) on 29th July 2019 approved the grant of 90,000 stock options convertible into 90,000 equity shares of Rs. 2/- each of the Bank at a price of Rs. 729.85/- per equity share of Rs. 2/- each, being the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Friday, 26th July 2019 i.e. the previous trading day immediately preceding the date on which the grant was approved by the NRC, to the some of the eligible employees of the Bank, in terms of the Employee Stock Option Scheme of the Bank - XXIII formulated and adopted by the Bank, in terms of the provisions of the SEBI (Share Based Employee Benefits) Regulations, 2014.

Pdf Link: Axis Bank Ltd. - Approval Of Grant Of Stock Options By The Nomination And Remuneration Committee Of The Board Of Directors Of Axis Bank Limited (The Bank) On 29Th July 2019.

Source : BSE - www.bseindia.com

Published on July 30, 2019
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