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

  • 30 Jan, 2023 |
  • 2:47 PM
  • The said shares will rank pari-passu with the existing shares of the Company in all respect, the Bank said.

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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