Equitas Small Finance allots over 2.03 lakh equity shares under ESOP; Stock gains 1%

28 Jul 2022 , 09:52 AM

Equitas Small Finance Bank has informed that  the Stakeholders Relationship Committee (SRC) of Board of Directors on July 26, 2022, approved allotment of 2,03,222 equity shares of Rs10/- each to the option grantees who have exercised their Employee Stock Options.

According to the filing, the Bank is in the process of applying for listing of the above shares on NSE and BSE to complete the rest of the issue formalities.

The paid up share capital of the Bank accordingly increases from Rs12,53,22,81,990/- to Rs12,53,43,14,210/-, the company informed.

The new equity shares issued shall rank paripassu with existing equity shares, it further added.

Equitas Small Finance Bank stocks will be in focus today ahead of its June 2022 quarterly updates.

Ata around 9:54 AM, Equitas Small Finance Bank was trading at Rs46.90 per share higher by 1.08% on the BSE.