SBI Cards Allots 5,138 Shares Under Employee Stock Option Plans

SBI Cards & Payment Services Ltd ( (IN:SBICARD) ) has shared an announcement.

SBI Cards & Payment Services Ltd has allotted a total of 5,138 equity shares following the exercise of employee stock options granted under its 2019 and 2023 ESOP schemes. The Nomination and Remuneration Committee approved the issue of 2,000 shares at Rs 152.10 per share under the 2019 plan and 3,138 shares at Rs 10 per share under the 2023 plan, marginally increasing the company’s paid-up capital and reflecting ongoing use of equity-based incentives for employees.

Following this allotment, the paid-up share capital rose from Rs 9,51,60,02,510 to Rs 9,51,60,53,890, with the total number of equity shares increasing from 95,16,00,251 to 95,16,05,389. While the capital change is small in absolute terms, the transaction underscores SBI Cards’ continued reliance on stock option plans as a tool for employee retention and alignment of staff interests with long-term shareholder value.

More about SBI Cards & Payment Services Ltd

SBI Cards & Payment Services Ltd operates in the Indian credit card and payments industry, offering consumer and corporate credit cards and related payment solutions. The company focuses on retail and commercial customers across India, leveraging its association with State Bank of India to strengthen its market reach in the fast-growing digital payments and card finance segments.

Average Trading Volume: 88,085

Technical Sentiment Signal: Sell

Current Market Cap: 638.1B INR

Learn more about SBICARD stock on TipRanks’ Stock Analysis page.