AXIS Bank grants over 137,000 employee stock options

AXIS Bank announced that its nomination and remuneration committee granted 137,575 stock options under the bank's employee stock option scheme. The exercise price is set at Rs. 1,165.90 per option.

The options will vest progressively: 30% after one year, another 30% after two years, and the final 40% after three years from the grant date. Grantees have a five-year window from their respective vesting dates to exercise the options.