IDFC FIRST Bank Allots Equity Shares to Employees Under Stock Option Scheme
IDFC FIRST Bank Ltd. announced the allotment of equity shares to eligible employees following the exercise of vested stock options under the company's Employee Stock Option Scheme (ESOS).The Bank's Board of Directors approved the allotment of 6,05,941 fully paid-up equity shares, each with a face value of ₹10/-, on April 27, 2026. These shares were allotted to employees upon the exercise of previously granted and vested stock options under the 'IDFC FIRST Bank - ESOS' framework. The Bank confirmed that the newly allotted equity shares will rank pari passu with the Bank's existing equity shares in all respects.
The allotment increases the company's issued and paid-up equity share capital. The total paid-up capital increased from ₹ 86,02,20,63,600/- to ₹ 86,02,81,23,010/-.
The detailed change in the Bank's capital structure is presented below:
| Metric | Previous Status | New Status (Post Allotment) |
|---|---|---|
| Total Paid-Up Capital | ₹ 86,02,20,63,600/- | ₹ 86,02,81,23,010/- |
| Number of Shares | 8,60,22,06,360 | 8,60,28,12,301 |
| Face Value | ₹ 10/- each | ₹ 10/- each |
The allotment solidifies the Bank's capital structure with the inclusion of the new shares, maintaining their equal status with all existing equity shares.
IDFCFIRSTB Stock Price Movement
Shares of IDFC First Bank Limited are edging higher to ₹69.44 as of 1:17 PM today, rallying by 3.29% in live trading. The equity sees significant momentum in the live market, with the stock transacting a substantial volume of 28.53 million shares.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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