ALPHA TRIBE

ESAF Small Finance Bank LimitedQIP/Rights/Pref., 25-11-2024: Allotment of Securities

25-11-2024 | 07:30 pm

ESAF Small Finance Bank has allotted 59,904 equity shares of face value ₹10 each to eligible employees under the Employee Stock Option Plan – 2019. The shares were issued at an exercise price of ₹18.75 per share, with a premium of ₹8.75 per share. Following this issuance, the total issued share capital of the bank stands at ₹514.99 crore. This initiative supports employee retention and incentivizes performance through equity ownership, aligning the interests of employees with those of shareholders.

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