Bandhan Bank allotted equity shares to employees in the form of stock options

New Delhi: Bandhan Bank Ltd on Tuesday announced that the Nomination and Remuneration Committee of the bank’s board has approved the allotment of 181 equity shares of face value of Rs 10 each to eligible employees of the bank on December 12, 2023, payable at Rs. Will be done completely. The company announced the options vested with them under ESOP Series 1 through an exchange filing.

The equity shares allotted under ESOP Series 1 will rank equal to the existing equity shares of the Bank in all respects including dividends.

After the allotment, the issued and paid-up equity share capital of the Bank has increased from Rs. 16,10,90,73,730 including 1,61,09,07,373 equity shares, fully paid-up shares of Rs 10 each. 16,10,90,75,540 comprising 1,61,09,07,554 equity shares, fully paid up at Rs 10 each.

Shares of Bandhan Bank Limited

Shares of Bandhan Bank Ltd were trading at Rs 241.90, up 1.66 per cent at 11:45am IST on Tuesday.