December 12th 2023.
Bandhan Bank Limited announced on Tuesday that the Nomination and Remuneration Committee of the Board of the Bank had approved the allotment of 181 equity shares of Rs 10 each fully paid-up to eligible employees of the Bank upon the exercise of Options vested with them under the ESOP Series 1. This was communicated through an exchange filing.
The equity shares so allotted will have the same rights as the existing equity shares of the Bank including the right to receive dividend. This increases the issued and paid-up equity share capital of the Bank from Rs. 16,10,90,73,730 comprising of 1,61,09,07,373 equity shares of Rs 10 each fully paid-up to Rs. 16,10,90,75,540 comprising of 1,61,09,07,554 equity shares of Rs 10 each fully paidup.
At the time of the announcement, the shares of Bandhan Bank Limited were trading at Rs 241.90, up by 1.66 percent. This news follows the announcement from Uno Minda on Tuesday that they had allotted 34,882 equity shares under the ESOP.
This marks another step forward for the Bank in providing opportunities to their employees and is a positive sign of the Bank's growth. The Bank is looking ahead to further success in the future.
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