RBL Bank Limited has made a regulatory disclosure to the BSE Limited and the National Stock Exchange of India Limited regarding the allotment of equity shares under its Employee Stock Option Plan (ESOP).
Capital Structure Impact
Consequent to this allotment, the paid-up share capital of the Bank has changed as follows:
- Pre-allotment: 61,91,37,806 equity shares of ₹10 each, aggregating to ₹619,13,78,060
- Post-allotment: 61,94,23,213 equity shares of ₹10 each, aggregating to ₹619,42,32,130
The net increase in paid-up capital is ₹28,54,070, resulting from the allotment of 285,407 new shares.
Purpose and Rationale
The allotment was executed to fulfill the Bank's obligations under its ESOP schemes following the exercise of options by eligible employees.