Equitas Small Finance Bank Allots Over 21 Lakh ESOP Shares; Paid-up Capital Increases
Equitas Small Finance Bank Ltd has reported a significant update in its capital structure, confirming the allotment of equity shares resulting from the exercise of Employees Stock Options under the ESOP Scheme.The bank allotted 21,48,829 equity shares to option grantees who exercised their options granted under the Employee Stock Option Scheme (ESOS). The newly issued shares were allotted at a price of Rs. 10/- each.
This transaction resulted in an increase in the paid-up share capital of the bank. Previously standing at Rs. 11,41,57,29,770/-, the paid-up share capital has now risen to Rs. 11,43,72,18,060/- following the allotment.
The newly allotted equity shares are fully pari-passu with all existing equity shares in every aspect. The completion of this transaction marks a formal update to the bank's operational capital base.
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