Affle 3i Limited has informed the Exchange regarding 'equity shares under Affle (India) Limited Employee Stock Option Scheme, 2021'.
AFFLE · price
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Affle 3i Limited has informed the exchange about equity shares being issued under its Employee Stock Option Scheme 2021. This typically relates to employees exercising their vested stock options, resulting in the allotment of new equity shares. The exact number of shares allotted is not specified in the headline. ESOP allotments are routine corporate actions and usually result in a minor dilution of existing shareholders.
This is a routine ESOP allotment with marginal dilution impact for existing shareholders. No material effect on stock price is expected unless the number of shares issued is significant relative to total share capital.