CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding Allotment of 9850 Shares.
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CreditAccess Grameen Limited has allotted 9,850 equity shares of ₹10 each to 12 employees who exercised their stock options under the company's Employee Stock Option Plan (ESOP) 2011. The allotment was approved by the Executive, Borrowings and Investment Committee of the Board. These newly issued shares will rank equally with existing equity shares in all respects. This is a routine disclosure under SEBI listing regulations and is part of the company's ongoing employee incentive programme.
This is a small ESOP allotment with negligible dilution impact on existing shareholders. It signals normal employee compensation activity and is unlikely to affect the stock price.