Axis Bank allots over 1.08 lakh equity shares under ESOP scheme; Stock gains 1%

Axis Bank has informed to the exchange that the Bank has allotted 1,08,519 equity shares of Rs. 2/- each of the Bank on September 13, 2021, pursuant to exercise of stock options under its ESOP Scheme.

The paid up share capital of the Bank will accordingly increase from Rs. 613,25,98,898 (306,62,99,449 equity shares of Rs. 2/- each) to Rs. 613,28,15,936 (306,64,07,968 equity shares of Rs. 2/- each).

At around 10:54 AM, Axis Bank was trading at Rs798.40 apiece up by Rs10.95 or 1.39% from its previous closing of Rs787.45 apiece on the BSE.

On Tuesday, the scrip opebed at Rs792.90 per piece. The current market cap of the company is Rs2,41,455.75cr.

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( With inputs from indiainfoline)