PB Fintech on Friday (November 15) said it has received approval from its board to allot 27,85,962 equity shares to eligible employees under the 2021 scheme
After the allotment of these shares, the company’s issued and paid-up share capital stands at INR 91,77,91,852 consisting of 45,88,95,926 equity shares having a face value of INR 2 each
PB Fintech in September allotted 75,760 equity shares to eligible employees under the same ESOP Plan
Insurtech major Policybazaar’s parent PB Fintech has allotted nearly 27 Lakh equity shares under its Employee Stock Option Scheme (ESOP) 2021.
In an exchange filing, PB Fintech on Friday (November 15) said it has received approval from its board to allot 27,85,962 equity shares to eligible employees under the 2021 scheme.
After the allotment of these shares, the company’s issued and paid-up share capital stands at INR 91,77,91,852 consisting of 45,88,95,926 equity shares having a face value of INR 2 each.
“The Nomination and Remuneration Committee…has allotted 27,85,962 equity shares of face value of INR 2 each to eligible employees upon exercise of vested options under PB Fintech Employees Stock Option Plan 2021,” the filing added.
(The story will be updated soon)
