HDFC Bank Limited has informed the Exchange regarding 'Allotment of 12,19,698 equity shares under ESOP/RSU'.
HDFCBANK · price
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HDFC Bank has allotted 12,19,698 fresh equity shares to employees and other eligible persons under its Employee Stock Option Plan (ESOP) and Restricted Stock Units (RSU) scheme. As a result of this allotment, the total issued and paid-up equity share capital of the bank has increased by the corresponding number of shares. This is a routine disclosure required whenever a listed company issues new shares under employee benefit schemes.
The allotment causes a marginal increase in the total share count, leading to very small dilution for existing shareholders. It is a routine corporate action and is unlikely to have any material impact on the stock price.