CG Power and Industrial Solutions Limited has informed the Exchange regarding Allotment of 6000 Shares.
CGPOWER · price
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CG Power has allotted 6,000 equity shares of Rs. 2 each under its Employee Stock Option Plan 2021. The shares were issued at an exercise price of Rs. 156.20 per share to an eligible employee who exercised their stock options. As a result, the company's paid-up equity share capital has risen marginally from Rs. 3,14,98,17,218 to Rs. 3,14,98,29,218, taking the total share count to approximately 157.49 crore equity shares. This is a routine ESOP allotment with negligible dilution.
This is a very small, routine ESOP allotment with no material impact on share price or shareholder value. The dilution is insignificant (6,000 shares out of ~157.49 crore shares).