Axis Bank Allots Equity Shares Through ESOP Scheme, Increases Paid-Up Capital
Axis Bank Ltd has announced the allotment of equity shares, marking an increase in the bank's paid-up share capital following the exercise of stock options and units under its ESOP/RSU Scheme.The bank allotted 1,17,723 equity shares, each carrying a face value of Rs. 2. This allotment occurred as part of the bank's ongoing ESOP/RSU Scheme, strengthening its capital base.
The transaction resulted in a modest increase in the bank's paid-up capital. The financial details of the change are summarized below:
| Metric | Pre-Allotment Status | Post-Allotment Status |
|---|---|---|
| Paid-up Capital | Rs. 6,216,644,200 | Rs. 6,216,879,646 |
| Total Equity Shares | 3,108,322,100 | 3,108,439,823 |
| Shares Allotted | N/A | 1,17,723 |
With the allotment, the paid-up share capital of Axis Bank Ltd rose from Rs. 6,216,644,200, which represented 3,108,322,100 equity shares of Rs. 2/- each, to Rs. 6,216,879,646, corresponding to 3,108,439,823 equity shares of Rs. 2/- each.
AXISBANK Stock Price Movement
On Wednesday, Axis Bank Limited shares slipped by 0.16% to settle at ₹1355.5. The equity finished the session on substantial volume, trading on 6.79 million shares.Source:
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