Syndicate Bank has informed that a meeting of Committee of Directors (Compensation Committee) on Employee Stock Purchase Scheme (ESPS) of the Bank is scheduled to be held on Thursday, 20th December, 2018 to consider finalize and approve the scheme namely SyndicateBank- Employee Stock Purchase Scheme (SYNDIBANK-ESPS) to raise Equity Share Capital up to `500 Crore by creating, granting offer, issuing and allotting upto 30,00,00,000 (Thirty Crore) new Equity Shares of face value of Rs 10 each to the eligible employees of the Bank.
The above information is a part of company’s filings submitted to BSE.
