Allotment of Equity Shares pursuant to Niva Bupa Employee Stock Option Plan 2020
Awaiting price reaction for this filing.
Niva Bupa Health Insurance has allotted 9,40,300 equity shares of face value Rs. 10 each to eligible employees who exercised their stock options under the ESOP Scheme 2020. As a result, the total issued share capital of the company has increased from 1,82,70,26,398 equity shares to 1,82,79,66,698 equity shares. The newly allotted shares will rank equally with existing shares in all respects. The company is completing the necessary formalities with the stock exchanges and other authorities. This is a routine disclosure filed under SEBI Listing Regulations.
This is a routine ESOP allotment causing minimal dilution of about 0.05% to existing shareholders. It is a standard employee compensation event with no material effect on share price or shareholder value.