CREDITACCBSECREDITACCESS GRAMEEN LTDLowNeutral
Announced Mon, 20 Jul · 18:58 IST

Allotment of 24,375 equity shares under ESOP to 13 employees

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CREDITACC · price

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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹1496.00
prior close
₹1490.10
base price
After-mkt
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+0.7+0.5+0.3+1.0-0.3+0.8+1.5+6.9+5.5
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AI summary

CreditAccess Grameen has allotted 24,375 equity shares of Rs 10 each under its ESOP 2011 plan to 13 employees who exercised their stock options. Of these, 9,075 shares were allotted to MD and CEO Ganesh Narayanan. The new shares will rank equally with existing equity shares. This is a routine ESOP allotment with no fresh capital raised from markets.

Likely market impact

Minor dilution due to ESOP allotment; 9,075 shares to MD and CEO signals management confidence and alignment with shareholders.