IDFC First Bank allots 4.90 lakh equity shares under ESOS; Stock trades higher

The current market cap of the company is Rs26,985.93cr.

Aug 31, 2021 12:08 IST India Infoline News Service

IDFC First Bank has informed that in accordance with the terms of IDFC FIRST Bank Employee Stock Option Scheme, the Allotment, Transfer & Routine Matters Committee of the Bank has on August 30, 2021 approved the allotment of 4,90,866 fully paid up equity shares of Rs. 10 each to the allottee(s), upon exercise of stock options under the said Scheme. 

With the allotment of the above shares, the equity base of the Bank stands increased from present level of 6,21,08,01,606 (Nos.) to 6,21,12,92,472 (Nos.) equity shares of Rs. 10/- each.

At around 12:57 PM, IDFC First Bank was trading at Rs43.60 apiece up by Rs0.15 or 0.35%.

Previously, the scrip ended at Rs43.45 apiece on the BSE.

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