Devyani International Limited has informed the Exchange regarding 'allotment of Equity Shares under Employees Stock Option Scheme of the Company'.
DEVYANI · price
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Devyani International Limited has allotted 19,52,500 equity shares of Re. 1 face value to employees who exercised their stock options under the company's ESOP 2021 scheme. The exercise price was Rs. 43.328 per share, and the shares were allotted on May 15, 2025. As a result, the company's total issued and paid-up share capital increased from 1,20,62,66,378 shares to 1,20,82,18,878 shares, a dilution of about 0.16%. The newly issued shares rank equally with existing shares and have no lock-in period.
This is a routine ESOP allotment with minimal dilution (~0.16%), so it is unlikely to materially affect share price. It signals that employees are being incentivized through equity, which is generally a positive sign of alignment with shareholders.