In a bid to develop employees as an investor class, Allahabad Bank is planning to offer them an ‘employee share purchase scheme (ESPS)’ in the January-March 2018 quarter. The public sector bank intends to raise Rs 350 crore via this route.
The lock-in period for shares issued under ESPS will be only one year. Shares under the scheme will be offered to all categories of employees. Post lock-in, the bank’s employees can sell their shares if they feel they have run up.
Allahabad Bank is a nationalised bank with its headquarters in Kolkata. It is the oldest joint stock bank in India.
| Company Name | CMP |
|---|---|
| SBI | 1107.60 |
| PNB | 113.75 |
| Canara Bank | 142.70 |
| Bank Of Baroda | 280.85 |
| Union Bank Of India | 189.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: