Avantel Limited has informed the Exchange regarding Allotment of 52780 Shares.
AVANTEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Avantel Limited's ESOP Allotment Committee approved the allotment of 52,780 equity shares to eligible employees upon exercise of options under the Avantel Employees Stock Option Plan 2023. The shares have a face value of Rs.2 each and were issued at an exercise price of Rs.50 per share (Rs.48 premium). As a result, the company's paid-up equity share capital increased from 26,56,58,070 shares (Rs.53,13,16,140) to 26,57,10,850 shares (Rs.53,14,21,700). The new shares will rank equally with existing shares and carry no lock-in restrictions.
This is a routine ESOP exercise causing negligible dilution of about 0.02% in total share count. No material impact on existing shareholders or stock price is expected.