Announced Tue, 14 Jul · 16:49 IST
ESOP allotment of 38,751 shares to Gulf Oil Lubricants employees
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GULFOILLUB · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹1035.00
prior close
₹1042.90
base price
After-mkt
timing
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-0.3—-0.3-0.4-0.3-1.9-3.4-4.4-5.2-1.7————
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AI summary
Gulf Oil Lubricants India has allotted 38,751 equity shares to eligible employees under its ESOP 2015 scheme at exercise prices of Rs 349.93 and Rs 861.35 per share. The shares, with face value Rs 2, rank pari passu with existing shares. Post-allotment, total equity shares stand at 4,95,55,526 and paid-up capital at Rs 9,91,11,052. No lock-in applies.
Likely market impact
Minor equity dilution of 38,751 shares under ESOP scheme. No significant impact on share price; standard employee incentive allotment.