CreditAccess Grameen Limited has made a regulatory disclosure regarding the allotment of equity shares under its Employee Stock Option Plan (ESOP).
The Executive, Borrowings and Investment Committee of the Board of Directors approved the allotment of 26,102 equity shares of ₹10 each to 11 employees. These shares were allotted to employees who exercised their options under the CAGL Employees Stock Option Plan - 2011.
The newly allotted ESOP shares will rank pari-passu with the existing equity shares of the company in all respects, meaning they will have equal rights and privileges.