IDFC FIRST Bank Allots 46,74,343 Equity Shares To Employees As Stock Option

IDFC FIRST Bank Allots 46,74,343 Equity Shares To Employees As Stock Option

The Face value of the equity shares will be ₹10 each.

FPJ Web DeskUpdated: Tuesday, July 25, 2023, 12:21 PM IST
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IDFC FIRST Bank Allots 46,74,343 Equity Shares To Employees As Stock Option | Image: IDFC First Bank (Representative)

IDFC FIRST Bank on Tuesday announced that the Board of Directors of the Bank approved the allotment of 46,74,343 equity shares of face value of ₹10 each fully paid-up to eligible employees of the Bank under the ‘IDFC FIRST Bank ESOS’, the company announced through an exchange filing.

The Face value of the equity shares will be ₹10 each.

Post allotment, the issued and paid-up equity share capital of the Bank stands increased from ₹ 66,28,18,43,140 comprising of 6,62,81,84,314 equity shares of ₹ 10 each fully paid-up to ₹ 66,32,85,86,570 comprising of 6,63,28,58,657 equity shares of ₹ 10 each fully paid-up.

IDFC FIRST Bank shares

The shares of IDFC FIRST Bank on Tuesday at 12:18 pm IST were at ₹83, down by 0.84 percent.

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