Markets

IOB mops up ₹217 cr via ESPS

Chennai | Updated on January 22, 2019 Published on January 22, 2019

 

Indian Overseas Bank on Tuesday said that it has mobilised ₹217 crore through its employee stock purchase scheme (ESPS) which was launched on December 31, 2018 and closed on January 21, 2019. The company, in a release, said its employees were offered upto ₹18.24 crore equity shares at a discounted price of ₹11.90 which was oversubscribed by the bank’s 24,550 employees. The bank said it has created a new record among public sector banks as 92 per cent of its employees subscribed over 100 per cent of its ESPS. Our Bureau

Published on January 22, 2019
This article is closed for comments.
Please Email the Editor