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
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