AAVASNSEAavas Financiers LimitedLowNeutral
Announced Tue, 24 Mar · 12:06 IST

Aavas Financiers Limited has informed the Exchange regarding Allotment of 90867 Shares.

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AAVAS · price

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Price reaction · full curve 14 horizons · vs prior close
+6.0%1-day move
₹1071.00
prior close
₹1097.70
base price
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AI summary

Aavas Financiers has allotted 90,867 equity shares of Rs. 10 each to employees who exercised their stock options. The shares were distributed across three schemes: 374 shares under ESOP 2016-I, 9,925 shares under PSOP 2023, and 80,568 shares under PSOP 2024. As a result, the company's paid-up equity capital has increased from Rs. 79.19 crore (7.91 crore shares) to Rs. 79.28 crore (7.93 crore shares). The newly allotted shares will rank equally with existing equity shares, and the company is completing formalities for listing them on the exchanges.

Likely market impact

This is a routine ESOP allotment with a small dilution of about 0.11% to existing shareholders. It signals ongoing employee incentivization but is unlikely to have any meaningful impact on the stock price.