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The latest update is out from SBI Cards & Payment Services Ltd ( (IN:SBICARD) ).
SBI Cards and Payment Services Ltd has approved the allotment of 29,896 equity shares following the exercise of employee stock options under its 2019 and 2023 ESOP schemes. The Nomination and Remuneration Committee cleared the issue of 13,000 shares at an exercise price of Rs 152.10 per share under the 2019 plan and 16,896 shares at Rs 10 per share under the 2023 plan, resulting in a marginal increase in the company’s paid-up share capital to Rs 9,51,57,74,000, represented by 95,15,77,400 equity shares. The move reflects ongoing use of stock-based compensation to incentivise and retain employees, with only a minimal dilutive impact on existing shareholders.
More about SBI Cards & Payment Services Ltd
SBI Cards and Payment Services Ltd is a leading Indian credit card issuer, offering a wide range of consumer and corporate card products and payment solutions, with a strong presence in the domestic credit card market through both retail and co-branded offerings.
Average Trading Volume: 71,555
Technical Sentiment Signal: Buy
Current Market Cap: 828.9B INR
For an in-depth examination of SBICARD stock, go to TipRanks’ Overview page.