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Axis Bank: APPROVAL OF GRANT OF STOCK OPTIONS BY THE NOMINATION AND REMUNERATION COMMITTEE OF THE BOARD OF DIRECTORS OF AXIS BANK LIMITED ('THE BANK') ON 21ST JANUARY 2020


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This is to inform you that the Nomination and Remuneration Committee of the Board of Directors of the Bank (NRC) has today approved the grant of 3 30 000 stock options convertible into 3 30 000 equity shares of Rs. 2/- each of the Bank at a price of Rs. 727.20/- per equity share of Rs. 2/- each being the latest available closing price prevailing on the National Stock Exchange of India Limited (NSE) on Monday 20th January 2020 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 - XXIV formulated and adopted by the Bank in terms of the provisions of the SEBI (Share Based Employee Benefits) Regulations 2014.

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