HDFC Bank approves 26.51 lakh shares under ESOP scheme | Mint
Active Stocks
Wed Feb 28 2024 09:19:00
  1. Tata Motors share price
  2. 972.00 0.96%
  1. Power Grid Corporation Of India share price
  2. 291.20 -0.44%
  1. Tata Steel share price
  2. 144.50 0.24%
  1. HDFC Bank share price
  2. 1,419.35 -0.08%
  1. ITC share price
  2. 410.50 -0.16%
Business News/ Companies / News/  HDFC Bank approves 26.51 lakh shares under ESOP scheme
BackBack

HDFC Bank approves 26.51 lakh shares under ESOP scheme

The Paid-up Share Capital of the Bank will accordingly increase from Rs5,52,40,67,578 equity shares of Re.1/- each to Rs5,52,67,19,098 equity shares of Re.1/- each.

HDFC Bank along with its subsidiary HDFC Securities will pick up stake worth ₹6.9 crore in backend software infrastructure development companyPremium
HDFC Bank along with its subsidiary HDFC Securities will pick up stake worth 6.9 crore in backend software infrastructure development company

HDFC Bank has allotted 26,51,520 equity shares to the employees of the Bank pursuant to exercise of options under its Employees Stock Options Scheme (ESOS), the bank informed in a regulatory filing.

The Paid-up Share Capital of the Bank will accordingly increase from Rs5,52,40,67,578 equity shares of Re.1/- each to Rs5,52,67,19,098 equity shares of Re.1/- each.

HDFC Bank along with its subsidiary HDFC Securities will pick up stake worth 6.9 crore in backend software infrastructure development company Borderless Softtech, the bank announced recently.

For this, the bank said it has executed an agreement for subscribing 8,108 compulsory convertible cumulative preference shares (CCCPS) of face value of 10 each of Borderless at a premium of 606.60 directly for consideration of 616.60 per piece.

Stock of HDFC Bank clo 0.28 per cent down at 1,484.35 apiece on BSE.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 28 Jun 2021, 11:05 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App