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News Details

Axis Bank allots equity shares under ESOP

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29/02/2016 17:39
Country's third-biggest private sector lender by assets Axis Bank Ltd on Monday said it has allotted 5,31,850 equity shares pursuant to exercise of options under its ESOP scheme.

These equity shares are having face value of Rs 2 each.

In a filing to the Bombay Stock Exchange, Axis Bank said, “The Bank has allotted 5,31,850 equity shares of Rs 2 each on February 29, 2016, pursuant to exercise of options under its ESOP Scheme.”

The paid up share capital of the Bank will accordingly increase from Rs 476,14,42,342 (238,07,21,171 equity shares of Rs 2 each) to Rs 476,25,06,042 (238,12,53,021 equity shares of Rs 2 each), it added.

Meanwhile, shares of the company closed at Rs 375.25 apiece, down 2.80 per cent, from previous close on BSE.