IDFC FIRST Bank Grants 1.6 Lakh Stock Options to Employees Under ESOP Scheme

Mumbai, IDFC FIRST Bank Limited has granted 1,60,000 stock options to eligible employees under its Employee Stock Option Scheme (ESOP). This reflects the bank's ongoing commitment to empowering employees and providing performance-linked rewards.

 

 

The Nomination and Remuneration Committee approved this move. It follows the Securities and Exchange Board of India (SEBI) Share Based Employee Benefits and Sweat Equity Regulations, 2021. Each option will vest in equal portions over four years, with 25 percent vesting each year. There will be an exercise period of three years after each vesting date.

 

 

The exercise price for these options has been set according to SEBI’s guidelines to ensure compliance and transparency.

 

The company notified both the BSE and NSE on July 16, 2025. This update confirms the record under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements.

 

The announcement highlights the bank’s commitment to rewarding talent and encouraging long-term engagement. It gives employees a chance to benefit from the institution’s growth.