Bharat Wire Ropes Limited has informed the Exchange regarding 'Allotment of Equity Shares under Company s ESOP Scheme'.
BHARATWIRE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Bharat Wire Ropes Limited has allotted 1,35,768 equity shares to eligible employees who exercised their stock options under the BWRL ESOP Scheme 2022. The shares were issued at an exercise price of Rs. 112.50 per share (Rs. 10 face value + Rs. 102.50 premium). As a result, the company's paid-up equity share capital rose from Rs. 68.44 crores (6,84,48,880 shares) to Rs. 68.58 crores (6,85,84,648 shares), a marginal increase of about 0.2%. The newly allotted shares will rank equally with existing equity shares for dividend and other rights. No lock-in period applies to these shares.
This is a routine ESOP allotment causing a very small dilution (roughly 0.2%) of existing shareholders. The financial impact is negligible and the new shares carry identical rights, so the effect on the stock price is expected to be minimal.