Indusind Bank, the private sector lender, announced that the bank has allotted 304,827 equity shares of Rs 10 each to those grantees who had exercised their option under the company's employee stock option scheme.
The stock had underperformed the market over the past one month till Aug. 13, 2014, falling 6.53% compared with the Sensex's 3.57% rise. It outperformed the market in past one quarter, gaining 14.10% as against 8.58% rise in the Sensex.
Shares of the bank gained Rs 3.5, or 0.65%, to trade at Rs 541.90. The total volume of shares traded was 8,482 at the BSE (1.01 p.m., Thursday).