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Development Credit Bank allots equity shares under ESOP

17 Apr 2012 Evaluate

Development Credit Bank has informed that the bank has allotted 16,300 equity shares comprising 150 equity shares of Rs. 10 each at a premium of Rs. 8.80 per share, 1500 equity shares of Rs. 10 each at a premium of Rs. 28.90 per share and 14,650 equity shares of Rs. 10 each at a premium of Rs. 30 per share on March 30, 2012 pursuant to the exercise of stock options in terms of the Employees Stock Option Plan.

The above information is part of company’s filing submitted to the BSE.

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