CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Allotment of 6800 Shares.
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CreditAccess Grameen Limited has announced the allotment of 6,800 equity shares of ₹10 each to 4 employees. The allotment was made by the Executive, Borrowings and Investment Committee of the Board under the CAGL Employees Stock Option Plan - 2011. The employees had exercised their stock options that were granted to them previously. The newly allotted shares will rank equally with existing equity shares in all respects.
This is a routine ESOP exercise with minimal dilution impact given the small number of shares (6,800). The announcement is primarily informational for shareholders and has negligible effect on the company's stock price or valuation.