Fino Payments Bank board approves increase in authorised share capital

The Board of Directors of the Fino Payments Bank Limited ("the Bank") at its meeting held today i.e. Wednesday, March 23, 2022, has considered and approved the increase in Authorised Share Capital of the Bank from the existing Authorised Share Capital of Rs. 85,00,00,000/- (Rupees Eighty Five Crore Only) divided into 8,50,00,000 (Eight Crore Fifty Lakhs) Equity Shares having face value of Rs. 10/- (Rupees Ten Only) each to Rs. 110,00,00,000/- (Rupees One Hundred Ten Crore only) divided into 11,00,00,000 (Eleven Crore) Equity Shares having face value of Rs. 10/- (Rupees Ten Only) each by creation of additional 2,50,00,000 (Two Crore and Fifty Lakhs) Equity Shares having face value of Rs. 10/- (Rupees Ten Only) each aggregating to Rs. 25,00,00,000 (Rupees Twenty Five Crore only) ranking pari-passu with the existing equity shares of the Bank, subject to approval by Reserve Bank of India and shareholders of the Bank.

Shares of Fino Payments Bank Limited was last trading in BSE at Rs. 277.85 as compared to the previous close of Rs. 283.95. The total number of shares traded during the day was 3070 in over 202 trades.

The stock hit an intraday high of Rs. 285.00 and intraday low of 276.85. The net turnover during the day was Rs. 861077.00.

Source : Equity Bulls

Keywords

FinoPaymentsBank AuthorisedShareCapital Increase