Bajaj Finserv allots 27.37 lakh shares to ESOP Trust worth Rs 284.54 cr
BAJAJFINSV · price
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Board of Bajaj Finserv approved issue of 27,36,768 equity shares of Re. 1 face value to Bajaj Finserv ESOP Trust at respective grant prices, aggregating about Rs. 284.54 crore. These are new primary shares issued to meet employee stock option exercises under the company ESOP scheme. Shares will rank equally with existing equity shares.
Minor equity dilution from new shares to ESOP Trust for employee stock options. Standard practice with no immediate cash impact for shareholders.