Intimation of allotment of 21,870 equity shares pursuant to exercise of Employee Stock Options
FIVESTAR · price
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Five-Star Business Finance has allotted 21,870 equity shares (face value INR 1) to employees who exercised stock options under the Five-Star Associate Stock Option Scheme, 2018. Of these, 18,370 shares were exercised at INR 1 per share and 3,500 shares at INR 67.44 per share, bringing in INR 2,54,410 to the company. The company's paid-up share capital has risen from 29,45,44,298 to 29,45,66,168 equity shares. The newly issued shares will rank equally with existing shares, and the company is completing listing formalities.
This is a routine ESOP allotment with a very small dilution (less than 0.01% of share capital), so there is no meaningful impact on shareholders or the stock price. It reflects employees continuing to exercise vested stock options.