Zinka Logistics Solutions Limited has informed the Exchange regarding Allotment of 1221489 Shares.
BLACKBUCK · price
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Awaiting price reaction for this filing.
BlackBuck Limited has allotted 12,21,489 equity shares (face value Re. 1 each) to its employees upon exercise of stock options. Of these, 10,21,720 shares were issued under the ESOP 2016 scheme and 1,99,769 shares under the ESOP 2019 scheme. The exercise price was Re. 1 per share (at par, with no premium). Following this allotment, the company's total issued share capital has risen from Rs. 17.93 crore to Rs. 18.06 crore, taking the total number of issued shares to 18,05,53,141. The newly issued shares carry no lock-in and rank equally with existing equity shares.
This is a routine ESOP allotment resulting in a marginal dilution of about 0.68% (12.21 lakh shares added to the existing ~17.93 crore shares). It signals continued employee participation but is unlikely to have any meaningful impact on the stock price.