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KFin Technologies Increases Equity Share Capital Through ESOP Allotment

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KFin Technologies, a leading financial technology company, announced the allotment of 15,380 equity shares under its Employee Stock Ownership Plan (ESOP) on June 27, 2024.

This move has led to a significant increase in the company’s issued, subscribed, and paid-up Equity Share capital. The capital now stands at Rs. 171,31,99,510, comprising of 17,13,19,951 equity shares with a face value of Rs. 10 each.

The ESOP allotment not only reflects KFin Technologies’ commitment to rewarding and retaining its employees but also signifies the company’s growth and financial stability within the market.

According to sources, the decision to allot equity shares under the ESOP scheme was part of KFin’s strategic plan to enhance employee engagement and incentivize performance.

With this development, KFin Technologies aims to strengthen its position in the financial technology sector and drive continued innovation and expansion in its offerings.

The increase in Equity Share capital is expected to have a positive impact on KFin’s overall market presence and investor confidence, showcasing the company’s resilience and long-term vision.

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Rachel Adams

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