CG Power and Industrial Solutions Limited has informed the Exchange regarding Allotment of 20500 Shares.
CGPOWER · price
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CG Power and Industrial Solutions has allotted 20,500 equity shares to an eligible employee under its ESOP 2021 scheme. The shares were issued at Rs. 595.45 per share (face value Rs. 2 each, fully paid up). Following this allotment, the company's paid-up equity share capital increased from Rs. 3,14,98,73,498 to Rs. 3,14,99,14,498. The total number of equity shares now stands at 1,57,49,57,249 shares of Rs. 2 each. The newly allotted shares will rank equally with existing equity shares.
This is a routine corporate action related to employee stock options and has minimal direct impact on the stock price. The dilution from 20,500 shares is negligible relative to the total share capital of approximately 157.5 crore shares.