Fino Payments Bank has authorized the distribution of 4,100 equity shares as part of its Employee Stock Option Plan (ESOP) 2023. The change aims to motivate and retain qualified employees.
The distribution of 4,100 equity shares with a par value of INR 10 each was authorized by the board of directors of the bank, according to a regulatory filing dated March 4, 2025. The Fino Payments Bank Limited—Employee Stock Option Policy, 2023— granted these shares as a result of vested options.
“The equity shares so allotted upon exercising vested options pursuant to ESOP-2023 shall rank pari passu with the existing equity shares of the bank,” the document asserted.
Impact on Share Capital
This new allocation brings the total issued, subscribed, and paid-up equity share capital of Fino Payments Bank to INR 83,2184,020 Cr, up from INR 83,2143,020 Cr. Incentives for employees and a solid financial foundation go hand in hand, and the organization is committed to both.
Stock Market Reaction
Following the announcement, intraday trade on the BSE for Fino Payments Bank shares on March 5, 2025, increased by as much as 2.8% to INR 206.85 per share. At current exchange rates, the company’s market value is more than $196.1 million, or INR 1,708.39 Cr. The newly allocated shares are worth around INR 8.25 lakh, based on the stock’s last closing price of INR 201.30 per share.
Strengthening Employee Engagement
Employee stock option plans are commonly regarded as a way to connect employee interests with the success of the company. Fino Payments Bank hopes to increase long-term employee involvement and acknowledge the contributions of its workers by issuing these shares; it also aims to recognize the contributions of its workforce while enhancing long-term employee engagement.
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