Yes Bank Allots Equity Shares of 6,58,070 Following Stock Option Exercise; Capital Increases
Yes Bank Limited has reported a significant increase in its paid-up share capital following the allotment of equity shares consequent to the exercise of stock options under various incentive plans.The bank approved the allotment of 6,58,070 equity shares, each with a face value of Rs. 2/-. This transaction occurred pursuant to the exercise of stock options provided under the YBL ESOS 2020 Scheme and the YBL RSU Plan 2024, encompassing options held under the YBL PESOP 2020 Plan and the YBL PESOP 2025 Plan.
By exercising these stock options, the bank realized Rs. 92,18,221.30 from the transaction.
Impact on Capital Structure
The allotment resulted in a change in the Bank's capital structure, increasing both paid-up share capital and the total number of equity shares outstanding. The details of the bank’s capital structure before and after the stock option exercise are summarized below:| Metric | Before Allotment | After Allotment |
|---|---|---|
| Paid-Up Share Capital | Rs. 62,772,208,318 | Rs. 62,773,524,458 |
| Equity Shares (Rs. 2 each) | 31,386,104,159 | 31,386,762,229 |
The allotment of 6,58,070 shares directly contributed to the increase in the bank's capital structure following the successful exercise of employee stock options.
YESBANK Stock Price Movement
Yes Bank Limited slipped by 0.24% on Friday, settling at ₹25.41 as trading closed. Although the stock settled lower, it had previously touched its 52-week high of ₹25.78 and saw substantial activity, with over 132.49 million shares traded.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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