ESOP20 Jul 2026, 06:50 pm
Karur Vysya Bank Approves ESOP Share Allotments
AI Summary
Karur Vysya Bank Ltd announced the outcome of its Board Meeting held on July 20, 2026. The board approved the allotment of 18,836 equity shares to MD & CEO Shri B Ramesh Babu and 25,824 equity shares to senior management personnel under the KVB ESOS 2018 Scheme. These allotments are part of their non-cash variable pay for performance periods FY 2023-24 and FY 2023-24/2024-25, respectively.
Key Highlights
- Board approved allotment of 18,836 equity shares to MD & CEO.
- 25,824 equity shares allotted to senior management.
- Allotments are under KVB ESOS 2018 Scheme.
- Shares are part of non-cash variable pay.
- Allotments cover performance periods FY 2023-24 and FY 2024-25.
Price Impact
More from KARURVYSYA