Bajaj Finserv’s Board of Directors has approved the issuance of 1,51,13,580 equity shares of face value Re. 1 each. These shares will be issued at their respective grant prices to the Bajaj Finserv ESOP Trust to meet the exercise of options by employees under the company’s ESOP scheme. The total value of this issuance is approximately ₹196.08 crore.
ESOP Expansion Approved by Board
The Board of Directors of Bajaj Finserv Limited convened today, July 31, 2026, and passed a resolution to approve the issuance of 1,51,13,580 equity shares. These shares will have a face value of Re. 1 each and will be issued at their respective grant prices.
Purpose of Share Issuance
The primary purpose of this issuance is to facilitate the Bajaj Finserv ESOP Trust (BFS-ESOP Trust) in meeting the exercise of stock options by the company’s employees. This is considered a primary issuance of new shares under the amended Bajaj Finserv Limited Employee Stock Option Scheme.
Financial Implications
The aggregated value of the proposed issuance is approximately ₹196.08 crore. These equity shares rank pari passu with the existing equity shares of the company, meaning they carry the same rights and privileges. The Board meeting took place from 10:45 a.m. IST to 11:50 a.m. IST.
Source: BSE
