Axis Bank allots 1 lakh equity shares under ESOP; Stock slips 2%

Axis Bank allots 1 lakh equity shares under ESOP.

Apr 27, 2021 10:04 IST India Infoline News Service

Axis Bank has informed the Exchange that the Bank has allotted 1,00,500 equity shares of Rs. 2/- each of the Bank on 26th April 2021, pursuant to exercise of stock options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 612,79,73,826 (306,39,86,913 equity shares of Rs. 2/- each) to Rs. 612,81,74,826 (306,40,87,413 equity shares of Rs. 2/- each).

On Tuesday, the stock has touched an intraday high and low of Rs698 per piece and Rs684.25 per piece respectively in early trading hours.

At around 10:28 AM, Axis Bank was trading at Rs686.75 per piece down by Rs13.65 or 1.95% from its previous closing of Rs700.40 per piece on the BSE.

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