Bank allots 752,831 shares under employee stock option scheme
SOUTHBANK · price
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The South Indian Bank allotted 752,831 equity shares on October 26, 2026 to eligible employees exercising options under the SIB employee stock option scheme, 2008. Exercise prices ranged from Rs 16.39 to Rs 27.14, and the bank received Rs 1,35,33,246.36. Issued capital rose to Rs 2,62,02,56,538, comprising 2,62,02,56,538 shares of Re 1 each.
The new shares make up about 0.03% of the existing share count, so dilution is minimal. The bank also received about Rs 1.35 crore from option exercises.