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An announcement from SBI Cards & Payment Services Ltd ( (IN:SBICARD) ) is now available.
SBI Cards and Payment Services Ltd has allotted 8,096 equity shares of face value ₹10 each to eligible employees following the exercise of stock options under its SBI Card Employee Stock Option Plan 2023, at an exercise price of ₹10 per share. This ESOP-related allotment marginally increases the company’s paid-up share capital from ₹951.58 crore to approximately ₹951.59 crore and slightly dilutes existing shareholding, reflecting the company’s ongoing use of equity-based incentives to retain and reward key talent without materially altering its overall capital structure.
More about SBI Cards & Payment Services Ltd
SBI Cards and Payment Services Ltd is a credit card issuer and payments company in India, offering a wide range of consumer and commercial card products and related payment services across the country.
Average Trading Volume: 74,282
Technical Sentiment Signal: Sell
Current Market Cap: 733.4B INR
Learn more about SBICARD stock on TipRanks’ Stock Analysis page.