Avantel Limited has informed the Exchange regarding Exercise of 7600 Options.
AVANTEL · price
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Avantel Limited has allotted 7,600 equity shares to eligible employees who exercised their vested options under the Avantel Employees Stock Option Plan 2023 (ESOP 2023). The shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 50 per share, with a premium of Rs. 48 per share. As a result, the company's paid-up equity share capital increased from Rs. 52,99,23,840 (26,49,61,920 shares) to Rs. 52,99,39,040 (26,49,69,520 shares). The allotment was made on July 1, 2025, and the new shares will rank equally with existing shares. The company is listed on both BSE (scrip code 532406) and NSE (symbol AVANTEL).
This is a routine ESOP allotment with a very small dilution (7,600 shares out of over 26.49 crore), so it is unlikely to have any meaningful impact on the stock price or shareholder value. Existing shareholders are not materially affected.