Employees at Bandhan Bank Are Granted Equity Shares as Stock Options

In an exchange filing on Tuesday, Bandhan Bank Limited stated that on December 12, 2023, the Nomination and Remuneration Committee of the Board of the Bank approved the allotment of 181 equity shares with a face value of Rs 10 each that are fully paid-up to eligible Bank employees upon exercising the options vested in them under the ESOP Series 1.

In terms of all factors, including dividends, the equity shares awarded under the ESOP Series 1 must rank on an equal footing with the Bank’s current equity shares.

Following allocation, the Bank’s issued and paid-up equity share capital grew to Rs. 16,10,90,73,730 from Rs. 16,10,90,73,730, which included 1,61,09,07,373 fully paid-up equity shares of Rs. 10 each, to Rs. 16,10,90,75,540, which included 1,61,09,07,554 fully paid-up equity shares of Rs. 10 each.

Shares of Bandhan Bank Limited

At 11:45 a.m. Indian Standard Time on Tuesday, Bandhan Bank Limited’s shares were up 1.66 percent, at Rs 241.90.