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News Details

Axis Bank allots 4,50,250 equity shares

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08/03/2016 16:31
Private-sector lender, Axis Bank said that it has allotted 4,50,250 equity shares pursuant to exercise of options under its ESOP Scheme.

“The Bank has allotted 4,50,250 equity shares of Rs. 2/- each on March 08, 2016, pursuant to exercise of options under its ESOP Scheme,” the Bank said in a filing to the Bombay Stock Exchange.

The paid up shore capital of the Bank will accordingly increase from Rs. 476,25,06,042 (238,12,53,021 equity shares of Rs. 2/- each) to Rs. 476,34,06,542 (238,17,03,271 equity shares of Rs. 2/- each).

Meanwhile, shares of the Bank closed trading at Rs 411.70 a piece, down 0.99 per cent from the previous close on BSE.