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Axis Bank's Nomination and Remuneration Committee has granted 1,37,575 stock options to eligible employees under the Axis Bank Employees Stock Option Scheme 2000-01. Each option carries an exercise price of Rs. 1,165.90, based on the previous trading day's closing price. These options will vest in phases: 30% after one year, 30% after two years, and 40% after three years from the grant date. Employees can exercise these options within five years of their respective vesting dates. This initiative is designed to motivate and retain talent by aligning employee incentives with the bank's long-term performance.