CG Power and Industrial Solutions Limited has informed the Exchange regarding Allotment of 1000 Shares.
CGPOWER · price
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CG Power and Industrial Solutions has allotted 1,000 equity shares to an eligible employee under its Employee Stock Option Plan 2021 (ESOP 2021). The shares were issued at Rs. 400.45 per share with a face value of Rs. 2 each. Following this allotment, the company's paid-up equity share capital increased marginally from Rs. 3,14,99,14,498 to Rs. 3,14,99,16,498. The total number of equity shares outstanding now stands at 1,57,49,58,249 shares of Rs. 2 face value each. The newly allotted shares will carry the same rights as existing equity shares.
This is a routine ESOP exercise with minimal impact on shareholders. The dilution is negligible as only 1,000 shares were issued against an existing base of approximately 157.5 crore shares. There is no material impact expected on the stock price.