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Karnataka Bank Ltd. ( (IN:KTKBANK) ) has provided an update.
Karnataka Bank Ltd. has allotted 10,000 equity shares of face value Rs 10 each following the exercise of vested stock options under its KBL Employees Stock Option Scheme 2023 (ESOS 2023). The small equity issuance, approved by the bank’s Managing Director and CEO, reflects ongoing implementation of its employee incentive and retention programme, marginally increasing the share capital while aligning employee interests with shareholder value without indicating any major change in capital structure or strategic direction.
More about Karnataka Bank Ltd.
Karnataka Bank Ltd. is an Indian private sector bank headquartered in Mangaluru, operating as a full-service commercial bank offering retail and corporate banking products and services across India, with a focus on serving families and businesses through its nationwide branch network.
Average Trading Volume: 654,747
Technical Sentiment Signal: Buy
Current Market Cap: 71.62B INR
Learn more about KTKBANK stock on TipRanks’ Stock Analysis page.