ESAF Small Finance Bank Limited has informed the Exchange regarding allotment of Equity Shares under ESAF Employee Stock Option Scheme 2019
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ESAF Small Finance Bank's Nomination, Remuneration and Compensation Committee allotted 275,284 equity shares of Rs. 10 face value each to eligible employees who exercised vested options under the ESAF Employee Stock Option Scheme 2019. The exercise price was Rs. 15.51 per share (including a Rs. 5.51 premium). Following this allotment, the total issued share capital stands at Rs. 515,95,17,950 divided into 51,59,51,795 shares. The new shares will rank pari-passu with existing equity shares and are in demat form with ISIN INE818W01011. No lock-in applies to these shares.
This is a routine equity issuance under the employee stock option plan. The share capital increases marginally by 0.05%, which has negligible impact on earnings per share. The market already anticipates such dilutions from approved ESOP schemes.