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Ujjivan Small Finance Bank Ltd. ( (IN:UJJIVANSFB) ) has provided an announcement.
Ujjivan Small Finance Bank has approved the allotment of 496,366 fully paid equity shares of Rs 10 each under its Employee Stock Option Plan 2019, following the exercise of stock options by eligible employees. The bank has already obtained in-principle listing approvals from the NSE and BSE and is seeking final listing approval for these shares, which will raise its paid-up capital from Rs 19,38,46,31,170 to Rs 19,38,95,94,830, modestly expanding its equity base and reinforcing its use of stock-based compensation to align employee interests with long-term shareholder value.
More about Ujjivan Small Finance Bank Ltd.
Ujjivan Small Finance Bank Ltd. is an Indian small finance bank focused on providing retail and inclusive banking services, particularly to underserved and unbanked segments. Its offerings span savings and deposit products, loans, and other financial services aimed at low- and middle-income customers across urban and rural markets.
Average Trading Volume: 1,105,790
Technical Sentiment Signal: Buy
Current Market Cap: 108B INR
For detailed information about UJJIVANSFB stock, go to TipRanks’ Stock Analysis page.