Havells allots 61,135 shares to employees under ESPS 2022
HAVELLS · price
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On the reaction day the stock moved 1.1 pts less than Nifty Midcap 150 and 2.1 pts less than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Havells India allotted 61,135 equity shares of Rs 1 each to its Employees Welfare Trust under the 2022 employee stock purchase plan. Eligible employees who exercised matching purchase rights will receive these shares.
The plan supports employee share ownership and slightly increases total shares, but the small allotment is unlikely to materially affect the stock.