DB Corp said that the compensation committee of the board of directors of the company has allotted 14,293 shares of Rs 10 each on exercise of 14,293 stock options under DBCL-ESOS 2008 and DBCL-ESOS 2010 Scheme, to its employees covered under the scheme.
The new equity shares rank pari passu in all respects with the existing capital.
The stock had underperformed the market over the past one month till Mar. 18, 2014, falling 8.89% compared with the Sensex's 5.81% rise. It underperformed the market in past one quarter, declining 5.04% as against 4.66% rise in the Sensex.