Allotment of 426573 Equity Shares under Bluestone Jewellery and Lifestyle Limited - Employee Stock Option Plan.
BLUESTONE · price
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BlueStone Jewellery and Lifestyle Limited has allotted 4,26,573 equity shares of face value ₹1 each to eligible employees under its Employee Stock Option Plan 2014. The shares were issued at an exercise price of ₹1 each (no premium). As a result, the company's total issued and paid-up equity share capital has increased from ₹15,18,04,792 (15,18,04,792 shares) to ₹15,22,31,365 (15,22,31,365 shares). The newly allotted shares will rank pari-passu with existing shares and carry no lock-in restrictions.
This is a routine ESOP allotment that slightly expands the share count (by about 0.28%) and results in minor dilution for existing shareholders. Since the exercise price equals face value, the dilutive impact on per-share value is minimal, and there is no material effect expected on the stock price.