Kotak Mahindra Bank allots 7,945 equity shares under ESOP scheme | Business Upturn

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Kotak Mahindra Bank has announced the allotment of 7,945 equity shares, each valued at Re. 1, as part of its Employee Stock Options Scheme 2015. The allotment was approved by the bank’s Large Expenditure and Share Transfer and Other Matters Committee on 23 March 2026.

The shares were distributed across two tranches under the ESOP Scheme Series 2015/39. The third tranche accounted for 5,525 shares, while the fourth tranche comprised 2,420 shares, bringing the total to 7,945 equity shares.

This move is part of Kotak Mahindra Bank‘s ongoing initiative to reward and retain its employees through stock options, aligning their interests with the long-term goals of the bank. The bank has requested that this information be recorded and made available on the NSE website.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: Avan Doomasia Kotak Mahindra Bank Mumbai