Announced Thu, 7 May · 12:05 IST
Allotment of 13,600 Equity shares under "AXISCADES ESOP 2018 - Series 2"
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AXISCADES · price
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Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹2150.00
prior close
₹2133.10
base price
In-mkt
timing
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-0.1-0.2+0.1+0.8+1.2-3.5-5.1-5.1-3.5-6.6-13.3-14.9-28.4—
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AI summary
Axiscades Technologies has allotted 13,600 equity shares of Rs. 5 face value each to 2 employees under its ESOP 2018 – Series 2 scheme. The exercise price was Rs. 52.65 per share with a premium of Rs. 47.65. This increased the company's paid-up share capital marginally from Rs. 21.26 crore to Rs. 21.27 crore, with total shares rising from 4.25 crore to 4.25 crore. The allotment represents only about 0.03% dilution to existing shareholders.
Likely market impact
No material impact on stock price expected as the share issuance is negligible (13,600 shares out of 4.25 crore). Standard ESOP exercise by employees.