Bank of Baroda on Thursday said its board will meet next week to consider allotment of fresh shares under the employee stock purchase scheme. “The board of directors of the bank is scheduled to meet on November 29, to consider and approve issuance of fresh equity shares to its employees under SEBI (Share Based Employee Benefits) Regulations, 2014,” BoB said in a regulatory filing. The government, in March 2017, had allowed PSBs to offer stock options to their employees in order to retain experienced hands. The scheme also aims at providing better incentives besides being a means of capital raise.
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