IDFC First Bank Allots Equity Shares Under Employee Stock Option Scheme
IDFC First Bank Limited announced the allotment of 4,90,588 equity shares to eligible employees following the exercise of vested stock options under the 'IDFC FIRST Bank - Employee Stock Option Scheme' ('IDFC FIRST Bank - ESOS'). The allotment was approved by the Bank's Board of Directors Committee on March 23, 2026.The newly issued shares have a face value of ₹10 each and rank pari passu with existing equity shares.
As a result of this allotment, the Bank’s issued and paid-up equity share capital has increased from ₹86,01,20,86,600, comprising 8,60,12,08,660 equity shares, to ₹86,01,69,92,480, comprising 8,60,16,99,248 equity shares.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.