Syndicate Bank to decide on raising equity capital up to Rs 500 crore

Through ESPS

Syndicate Bank announced that a meeting of Committee of Directors (Compensation Committee) on Employee Stock Purchase Scheme ('ESPS') of the Bank is scheduled to be held on 7 January 2019 to consider, finalize and approve the scheme namely Syndicate Bank Employee Stock Purchase Scheme ('SYNDIBANK-ESPS') to raise Equity Share Capital up to Rs 500 crore by creating, granting offer, issuing and allotting upto 30,00,00,000 (Thirty Crore) new Equity Shares of face value of Rs 10/- each to the eligible employees of the Bank.

Powered by Capital Market - Live News