DCB Bank allots over Rs 90,000 worth of shares as stock options to employees

The allotment of shares to employees has increased the company's paid-up equity share capital to Rs 31,17,04,333 


DCB Bank (earlier known as Development Credit Bank) in a recent announcement made through an exchange filing disclosed that it has successfully allotted a total of 92,200 equity shares with a face value of Rs. 10/- each. This allotment was made under the purview of the bank’s employee stock option plan (ESOP), which enables employees to acquire company shares at a predetermined price.

ESOP is a benefit scheme offered by a company to its employees, providing them with the opportunity to purchase company shares at a predetermined price within a specified period. ESOPs are typically used as a form of employee compensation and incentive, aligning the interests of employees with the company’s performance and growth.

Following this allotment, the paid-up equity share capital of DCB Bank witnessed a notable increase, reaching a new milestone of Rs. 31,17,04,333. This signifies a strengthening of the company’s financial structure and highlights the confidence placed in DCB Bank’s future prospects.

Furthermore, an update on DCB Bank’s share performance indicates that as of 11:51 am Indian standard time on May 30, 2023, the bank’s shares were trading at Rs. 116.80. This reflects a positive upward movement of 0.69 percent compared to the previous trading session. Such growth in the share price demonstrates investor optimism and indicates a favourable market sentiment towards DCB Bank.

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