SBI Cards and Payment Services Limited has informed the Exchange regarding Allotment of 5530 Shares.
SBICARD · price
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SBI Cards has allotted 5,530 equity shares to eligible employees who exercised their stock options. Of these, 3,350 shares were issued under the ESOP Scheme 2019 at an exercise price of Rs. 152.10 per share, and 2,180 shares under the ESOP Scheme 2023 at Rs. 10 per share. All shares carry a face value of Rs. 10 each. Post-allotment, the company's paid-up equity capital rose marginally from Rs. 951.59 crore to Rs. 951.60 crore, with total shares increasing to 95,16,00,251. This is a routine, small-scale ESOP allotment approved by the Nomination and Remuneration Committee.
This is a negligible share issuance with virtually no dilution impact, as 5,530 shares are tiny compared to the over 95 crore total shares outstanding. The stock price is unlikely to be materially affected.