Jana Small Finance Bank Limited has informed the Exchange regarding Allotment of 16489 Shares.
JSFB · price
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Jana Small Finance Bank has allotted 16,489 equity shares of Rs. 10 face value each to employees exercising their stock options under ESOP 2017 (1,128 shares) and ESOP 2018 (15,361 shares). The exercise price was Rs. 302.98 per share with a premium of Rs. 292.98. The paid-up share capital increased from 10,53,24,557 shares to 10,53,41,046 shares. The new shares will rank pari-passu with existing equity shares and the bank has sought listing approval from BSE and NSE.
This is a routine employee stock option exercise with minimal impact on shareholding — only 16,489 shares (0.016%) were added to the total capital. The exercise price of Rs. 302.98 is above current market levels, indicating these options were granted at lower prices and employees are converting them now.