Karnataka Bank Allots 10,000 ESOP Shares

Key Quantitative Figures

A total of 10,000 equity shares were allotted. The face value of each share is ₹10.

Parties Involved

• Issuing Entity: Karnataka Bank
• Allottees: Employees/grantees who exercised their vested options
• Approving Authority: The Managing Director & CEO of Karnataka Bank
• Recipients: Listing Department of NSE and Corporate Relationship Department of BSE

Purpose / Rationale

The allotment was made pursuant to the exercise of vested stock options by employees under the Karnataka Bank Employees Stock Option Scheme, 2023.