CreditAccess Grameen allots equity shares under ESOP

CreditAccess Grameen Limited has informed stock exchanges about the allotment of 44,335 equity shares to 12 employees who exercised options under the CAGL employees stock option plan - 2011. Each share is valued at ₹10. This allotment was approved by the executive, borrowings and investment committee of the board of directors.

Notably, 16,825 of the total allotted equity shares were granted to Ganesh Narayanan, the company's managing director and CEO. All newly allotted ESOP shares will rank pari-passu, meaning they will have equal standing with the existing equity shares of CreditAccess Grameen in all respects.

The announcement was issued by Deepti Ramani, company secretary and compliance officer. The company operates in both microfinance and retail finance segments through GrameenKoota.