IDFC FIRST Bank allots 428744 shares

The Allotment, Transfer & Routine Matters Committee of IDFC FIRST Bank Limited ('the Bank') through a Circular resolution dated June 10, 2019, has allotted 4,28,744 fully paid up equity shares of Rs. 10 each to the allottees upon exercise of stock options pursuant to IDFC FIRST Bank Employee Stock Option Scheme 2015 (IDFC FIRST Bank ESOS-2015) and pursuant to the resolution passed by the shareholders of the Bank at their meeting held on July 27, 2016. The total money realized by exercise of the aforesaid options is Rs. 1,18,71,550.23/-

Post the aforesaid allotment, the Equity Share Capital of the Bank now stands at 4,782,477,126 equity shares of Rs. 10 each, aggregating to Rs. 47,824,771,260.

Shares of IDFC First Bank Ltd was last trading in BSE at Rs.42.35 as compared to the previous close of Rs. 42.45. The total number of shares traded during the day was 618431 in over 1423 trades.

The stock hit an intraday high of Rs. 43.2 and intraday low of 42.05. The net turnover during the day was Rs. 26274965.

Source : Equity Bulls

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