CreditAccess Grameen Ltd Allots 15,348 Equity Shares under Employees Stock Option Plan
CreditAccess Grameen Limited announced the allotment of equity shares following the decision by its Executive, Borrowings and Investment Committee. These shares were allotted to employees who exercised options under the CAGL Employees Stock Option Plan - 2011.The committee approved the issuance of 15,348 Equity shares valued at ₹10/- each. The allotment covered eight employees from the company.
These allotted ESOP shares will hold pari-passu status with all existing Equity Shares of CreditAccess Grameen Limited in every respect.
Key details regarding the share allotment are presented below:
| Detail | Specification |
|---|---|
| Company Name | CreditAccess Grameen Ltd |
| Allotted Shares | 15,348 |
| Issue Price per Share | ₹10/- |
| Number of Employees Benefiting | 8 |
| Stock Option Plan | CAGL Employees Stock Option Plan - 2011 |
The action was taken by the Executive, Borrowings and Investment Committee of the Board of Directors.
CREDITACC Stock Price Movement
CreditAccess Grameen Limited closed today at ₹1270.4, edging higher after gaining 2.32%. The stock saw active participation in trading, recording a volume of 202,950 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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