IDFC FIRST Bank grants 550,000 stock options

IDFC FIRST Bank has announced the grant of 550,000 stock options to its eligible employees under the 'IDFC FIRST Bank Limited - Employee Stock Option Scheme', according to a regulatory filing. The decision was approved by the Nomination & Remuneration Committee of the bank and is in compliance with the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The exercise price will be determined in accordance with SEBI regulations. The options will vest equally over five years, at a rate of 20% per year, and the exercise period is three years from the date of vesting. The announcement, dated March 25, 2025, was made to the National Stock Exchange of India Limited and the Bombay Stock Exchange.