Axis Bank allots over 2.62 lakh equity shares under ESOP; Stock rises

16 Feb 2022 , 01:09 PM

Axis Bank has informed that the Bank has allotted 2,62,023 equity shares of Rs. 2/- each of the Bank on February 15, 2022, pursuant to exercise of stock options under its ESOP Scheme.

As per regulatory filing, the paid up share capital of the Bank will accordingly increase from Rs. 613,68,93,276/- (306,84,46,638 equity shares of Rs. 2/- each) to Rs. 613,74,17,322/- (306,87,08,661 equity shares of Rs. 2/- each), said the Bank.

On Wednesday at around 1:08 PM, Axis Bank was trading at Rs801.45 apiece up by Rs4.9 or 0.62% against its previous closing of Rs796.55 apiece on the BSE.

Also, according to the reports, the bank is all set to buy Citigroup’s $2.5 million India Retail Unit.