Announced Wed, 24 Jun · 19:14 IST
South Indian Bank allots 4.47 lakh shares under ESOS 2008
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SOUTHBANK · price
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹45.72
prior close
₹46.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.7-0.2+0.3+0.3-0.4-0.5-0.1+0.9+4.4-2.6+4.8——
Up moveDown movePending
AI summary
South Indian Bank's Nomination and Remuneration Committee allotted 4,47,177 equity shares on June 24, 2026 under SIB ESOS Scheme 2008, across Tranches 12 to 15 with exercise prices between Rs 16.50 and Rs 27.14 per share. Total consideration received is about Rs 82.67 lakh. Post allotment, issued capital rises to Rs 261.81 crore (261.80 crore shares of Re 1 each). This is a routine ESOP exercise allotment.
Likely market impact
Marginal dilution for existing shareholders due to new share issuance. Routine ESOP allotment with no material impact on stock price.