Brainbees Solutions Limited has informed the Exchange regarding exercise of 85,305 options pursuant to ESOP schemes out of which 16,738 equity shares have been allotted and 68,567 equity ....
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Brainbees Solutions (FirstCry) announced the exercise of 85,305 employee stock options, resulting in allotment of 16,738 equity shares and transfer of 68,567 shares. Under BBESOP 2011, 1,645 shares were allotted at Rs. 15.44 per share (Rs. 13.44 premium). Under BBESOP 2022, 15,093 shares were allotted and 68,567 transferred at face value of Rs. 2 per share. The company's paid-up capital increased marginally from Rs. 104.41 crore to Rs. 104.41 crore (increase of Rs. 33,476). The new shares rank pari-passu with existing shares and carry no lock-in. Total shares outstanding now stand at 52.21 crore.
This is a routine ESOP exercise with negligible shareholding dilution (0.016%). No material impact on stock price expected as the company has significant remaining vested options (1.37 crore under BBESOP 2022) that could create future dilution.