Allotment of Equity Shares of the Bank pursuant to exercise of Options under Bandhan Bank Employee Stock Option Plan Series 1.
BANDHANBNK · price
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Bandhan Bank's Nomination and Remuneration Committee approved the allotment of 39,369 equity shares of Rs. 10 each fully paid-up to eligible employees. This allotment was made upon exercise of vested options under the ESOP Series 1 plan. Following the allotment, the bank's paid-up equity share capital increased from Rs. 16,10,97,85,870 to Rs. 16,11,01,79,560. The newly allotted shares rank pari passu with existing equity shares in all respects including dividend entitlements.
Minimal impact on existing shareholders as the dilution is negligible at just 39,369 shares against a total base of over 161 million shares. This is a routine corporate action reflecting employee stock option exercises under the bank's ESOP scheme.