PB Fintech Allots 6.82 Lakh Equity Shares Under Employee Stock Option Plan
PB Fintech, parent company of Policybazaar and Paisabazaar, has allotted 682,752 equity shares to employees under its ESOP 2021 scheme. The shares have a face value of Rs. 2 each. This allotment increased the company's paid-up capital from Rs. 92.40 crore to Rs. 92.53 crore. The company is now completing formalities to list these new shares on NSE and BSE.

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PB Fintech Expands Employee Stock Option Plan
PB Fintech , the parent company of Policybazaar and Paisabazaar, has recently allotted a significant number of equity shares to its employees under its Employee Stock Option Plan (ESOP). This move aligns with the company's ongoing efforts to incentivize and retain top talent while aligning employee interests with those of the shareholders.
Key Details of the Stock Option Allotment
- Total Shares Allotted: 6,82,752 equity shares
- Face Value: Rs. 2 per share
- ESOP Scheme: ESOP 2021
Impact on Share Capital
The stock option allotment has resulted in an increase in the company's paid-up share capital:
| Capital | Amount (in crore) |
|---|---|
| Previous Paid-up Capital | 92.40 |
| New Paid-up Capital | 92.53 |
Significance of the Move
This equity share allotment serves multiple purposes for PB Fintech:
- Employee Retention: By offering stock options, the company aims to retain its valuable employees, especially in a competitive job market.
- Alignment of Interests: Stock options help align the interests of employees with those of the company and its shareholders.
- Long-term Commitment: The ESOP encourages employees to commit to the company's long-term success.
Next Steps
PB Fintech is currently completing the necessary formalities to list these newly allotted shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Once listed, these shares will rank equally with the existing equity shares of the company.
Conclusion
PB Fintech's decision to allot equity shares under its ESOP demonstrates its ongoing commitment to employee welfare and long-term growth. While the immediate impact on share capital is relatively small, the long-term benefits of employee retention and alignment of interests could prove valuable for the company's future performance.
Historical Stock Returns for PB FinTech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.12% | +8.57% | +7.58% | +2.54% | -6.91% | +59.39% |















































