Billionbrains Garage Ventures Limited has informed the Exchange regarding allotment of 10,00,00,000 Equity shares to Groww Employee Welfare Trust under ESOP Scheme.
GROWW · price
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Billionbrains Garage Ventures (Groww) has allotted 10 crore equity shares of face value Rs. 2 each to the Groww Employee Welfare Trust under its ESOP Scheme 2024. These shares will be held by the trust and transferred to eligible employees as and when they exercise their stock options. As a result, the company's paid-up equity share capital has increased from Rs. 1,234.72 crore to Rs. 1,254.72 crore, with total shares rising from about 61.74 crore to 62.74 crore. The company is now working on getting listing and trading approvals for these newly allotted shares.
This is a routine ESOP-related allotment that increases the share count by about 1.6%, leading to mild dilution for existing shareholders. Existing shareholding is not immediately affected as the shares are held by the welfare trust and will only flow to employees when they actually exercise their options.