Announced Fri, 11 Sept · 20:23 IST
Allotment of 2,44,596 equity shares on ESOP exercise
CHOLAFIN · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Cholamandalam Investment and Finance Company allotted 2,44,596 equity shares of Rs.2 each to eligible employees upon exercise of options under its ESOP scheme. The Nomination and Remuneration Committee approved the allotment. The company will apply for listing of these new shares on NSE and BSE and complete post-allotment formalities.
Likely market impact
Small equity dilution from ESOP allotment; new shares will be listed on NSE and BSE. No material impact expected on stock price.