State-owned Syndicate Bank has extended till March 30 the deadline for its staff to subscribe to bank’s equity under the employee stock purchase scheme (ESPS), through which it plans to raise up to ₹ 500 crore.
The bank has put up as many as 30 crore new equity shares, aggregating up to ₹ 500 crore (including premium), for sale under ESPS.
“It is hearby informed that the issue will remain open till March 30, 2019,” the bank said in a regulatory filing Monday.
As per Syndicate Bank’s filing in February, the issue, which opened on March 5, was to close on March 25.
Shares of Syndicate Bank were trading at ₹ 38.45 apiece on the BSE, down 0.13 per cent.
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