CarTrade Tech allots 3,03,500 shares under ESOP schemes 2011, 2014, 2015 and 2021

CARTRADE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-5.3%1-day move

₹2807.60

prior close

₹2695.20

base price

In-mkt

timing

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-0.1-0.2-0.2—-5.3+6.0————————

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AI summary

CarTrade Tech has allotted 3,03,500 equity shares of face value Rs. 10 each to employees who exercised vested stock options under its ESOP 2011 (17,500 shares at Rs. 34), ESOP 2014 (1,75,000 shares at Rs. 240), ESOP 2015 (60,650 shares at Rs. 472) and ESOP 2021(I) (50,350 shares at varying prices). Paid-up share capital has risen from Rs. 48.02 crore to Rs. 48.33 crore (4.80 crore shares to 4.83 crore shares). The company has stated the allotment is not material in nature. New shares rank equally with existing equity shares with no lock-in.

Likely market impact

Minor dilution of about 0.6 percent in equity base. Company itself classifies this as non-material, so little impact expected on stock price.