Dabur India Limited has informed the Exchange regarding Allotment of 1371920 Shares.
DABUR · price
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Dabur India has allotted 13,71,920 equity shares of Re. 1 each under the Dabur Employees Stock Option Scheme 2000 following approval by the Nomination & Remuneration Committee. The total money realized from the exercise of stock options is Rs. 13,71,920. As a result, the company's paid-up equity share capital has increased from Rs. 177.23 crore (177,23,18,252 shares) to Rs. 177.37 crore (177,36,90,172 shares). The newly issued shares will rank pari passu with existing equity shares in all respects.
This is a routine ESOP allotment resulting in marginal dilution of about 0.08% for existing shareholders. No material impact on stock price is expected as the issuance is small and part of an ongoing employee incentive program.