SBI Cards Allots 5,214 Equity Shares Under ESOP Plan 2023; Paid-up Capital Increases

SBI Cards Allots 5,214 Equity Shares Under ESOP Plan 2023; Paid-up Capital Increases​

SBI Cards and Payment Services Ltd has recorded an increase in its paid up capital following the allotment of equity shares pursuant to the exercise of options under the SB1 Card Employee Stock Option Plan 2023 (ESOP Plan 2023).

The Company announced that the Nomination and Remuneration Committee of the Board approved the allotment of 5,214 equity shares to eligible participants. The stock options were exercised at an agreed exercise price of Rs. 10 per share.

This transaction resulted in a change in the company's paid up capital structure. Prior to the allotment, SBI Cards held a paid up capital of Rs. 9,51,60,92,940, comprising 95,16,09,294 equity shares with a face value of Rs. 10 per share.

Following the completion of the allotment, the paid up capital increased to Rs. 9,51,61,45,080. The total number of equity shares now stands at 95,16,14,508, each carrying a face value of Rs. 10.

The details of the capital structure and transaction are summarized below:


The allotment under the Employee Stock Option Plan ensures participation for eligible employees as defined by the plan terms.

SBICARD Stock Price Movement​

Shares of SBI Cards and Payment Services Limited saw a slight uptick today, closing at ₹608 after gaining 0.13%. The stock movement occurred amid a total traded volume of 637,825 shares.