India, Aug. 21 -- Shares of Fino Payments Bank surged 7.7% to INR 277.75 apiece during early trading hours on the BSE today, buoyed by the announcement of ESOPs and a key leadership addition.

By 12:30 PM, the stock was trading 6.6% higher at INR 274.70 on the BSE, taking the company's market capitalisation to INR 2,286.01 Cr. Around 8.09 Lakh shares had exchanged hands by then.

In an exchange filing yesterday (August 20), the company said it had granted 89,762 stock options to eligible employees under its Employee Stock Option Policy (ESOP 2020). Fino fixed the exercise price at INR 256.90 per stock option, valuing the ESOP issue at INR 2.3 Cr.

In a separate filing, the board of directors also approved the appointment of Basavraj Loni ...