CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Allotment of 49295 Shares.
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CreditAccess Grameen Limited has allotted 49,295 equity shares of ₹10 each to 12 eligible employees under the company's Employees Stock Option Plan (ESOP) 2011. Among the allottees is Mr. Udaya Kumar Hebbar, a Non-Executive Director and former Managing Director, who exercised his stock options. The newly issued shares will rank equally with existing equity shares in all respects. The allotment was approved by the Executive, Borrowings and Investment Committee of the Board. This is a routine disclosure under SEBI listing regulations.
This is a small, routine ESOP allotment with negligible dilution impact for existing shareholders. It signals normal employee compensation activity and no material effect on the stock price is expected.