IndusInd Bank allots over 3.68 lakh equity shares under ESOS; Stock tumbles 4%

IndusInd Bank has informed to the exchanges regarding allotment of shares under the Company’s Employee Stock Option Scheme.

In a regulatory filing, the company informed that it has allotted 3,68,580 (Three Lakh Sixty-Eight Thousand Five Hundred Eighty) Equity Shares of Rs.10/-(Rupees Ten Only) each on January 27, 2023 to those grantees who had exercised their option under the Company’s Employee Stock Option Scheme.

The said shares will rank pari-passu with the existing shares of the Company in all respect, the Bank said.

On Monday, at around 2:17 PM, IndusInd Bank was trading at Rs1068.50 per equity share lower by 4.31% on the BSE.

The scrip opened at Rs1104.05 per share and touched intraday high and low at Rs1124.60 per share and Rs1055 per share respectively on the BSE.

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