The Karnataka Bank Limited has informed the Exchange about allotment of equity shares upon exercise of vested stock options under the KBL Employees Stock Options Scheme 2018
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Awaiting price reaction for this filing.
Karnataka Bank has allotted new equity shares to employees who exercised their vested stock options under the KBL Employees Stock Options Scheme 2018. The bank informed the stock exchange about this allotment as per listing requirements. The exact number of shares allotted was not specified in the headline. This is a routine corporate action related to employee compensation. The new shares will increase the total equity share capital of the bank marginally.
Minor dilution of existing shareholders due to fresh share issuance, but the impact is small as ESOP allotments are pre-planned. No material effect expected on stock price.