Veefin Allots Shares Worth INR 8.2 Cr Under ESOP Scheme

Veefin Solutions’s board has approved the allotment of 2 Lakh equity shares to its eligible employees under the employee stock option plan
Based on the stock’s last close, the newly allotted equity shares are worth INR 8.2 Cr
With the fresh allotment, the issued and paid-up equity share capital of Veefin has increased to INR 23.97 Cr from INR 23.77 Cr earlier

Fintech company Veefin Solutions’s board has approved the allotment of 2 Lakh equity shares to its eligible employees under the employee stock option plan (ESOP).

Based on the stock’s last close, the newly allotted equity shares are worth INR 8.2 Cr.

In an exchange filing on Tuesday (February 25), the company said that its board approved the allotment of 2,00,000 equity shares at a face value of INR 10 each to the benefit of eligible employees upon exercise of their options under the ESOP Scheme.

With the fresh allotment, the issued and paid-up equity share capital of Veefin has increased to INR 23.97 Cr from INR 23.77 Cr earlier.

(The story will be updated soon.)