Delhivery Limited has informed the Exchange about allotment of 3,18,983 Equity Shares upon exercise of vested Options
DELHIVERY · price
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Delhivery Limited has allotted 3,18,983 equity shares following the exercise of vested stock options by employees under its Employee Stock Option Plan (ESOP). This is a routine corporate action where employees who have earned their stock options convert them into actual shares. The new shares increase the total outstanding share count of the company. This is a standard event for companies that run ESOP programmes to incentivise and retain employees.
Minor dilution of existing shareholders due to the issuance of new shares. No material impact on stock price expected as ESOP exercises are planned and regularly disclosed by the company.