IDFC FIRST Bank allotted 507,112 equity shares to employees upon exercise of vested stock options under its ESOP scheme.
The bank's paid-up equity share capital increased by ₹50.71 lakh to ₹8,602.21 crore post-allotment.
The newly allotted shares will rank pari-passu with the bank's existing equity shares.
This is a regulatory disclosure filed under SEBI Listing Regulations for corporate compliance.