Home First Finance Company India Limited has informed the Exchange about allotment of Equity shares against exercise of vested Employee Stock Options under ESOP Schemes of the Company.
HOMEFIRST · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Home First Finance Company India Limited has allotted 2,54,550 equity shares (face value Rs. 2 each) to employees who exercised their vested stock options. Of these, 1,14,684 shares were issued under the ESOP II scheme and 1,39,866 under the ESOP 2021 scheme, at exercise prices ranging from Rs. 139.30 to Rs. 970.30 per share. As a result, the company's paid-up share capital has increased from Rs. 20.65 crore to Rs. 20.70 crore, with total equity shares rising from 10,32,68,597 to 10,35,23,147. The newly allotted shares will rank equally with existing shares, and the company is completing listing formalities with BSE and NSE.
This is a routine ESOP allotment leading to a minor dilution of about 0.25% in the share count. No material impact on existing shareholders; the shares are being issued at various pre-determined exercise prices to employees, not at a discount to current market price.