SBI Cards and Payment Services Limited has informed the Exchange regarding Allotment of 5138 Shares.
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SBI Cards and Payment Services has allotted 5,138 equity shares to eligible employees following the exercise of stock options under two ESOP plans. The allotment includes 2,000 shares at Rs. 152.10 per share under the 2019 ESOP Plan and 3,138 shares at Rs. 10 per share under the 2023 ESOP Plan. Post-allotment, the company's paid-up capital has increased marginally from Rs. 951.60 crore to Rs. 951.61 crore, with total equity shares increasing from 95,16,00,251 to 95,16,05,389.
This is a routine corporate action causing minimal dilution to existing shareholders. The number of new shares is negligible relative to the total outstanding shares, and the impact on stock price or earnings per share is expected to be immaterial.