Announced Tue, 23 Jun · 16:05 IST
IIFL Capital Services allots 17.8 lakh shares under ESOP scheme
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IIFLCAPS · price
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Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹342.65
prior close
₹342.25
base price
After-mkt
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AI summary
IIFL Capital Services has allotted 17,80,600 equity shares to employees on exercise of stock options under the IIFL ESOS 2018 scheme. The equity base has increased from 31,16,69,964 to 31,34,50,564 shares of Rs 2 each. The new shares will rank equally with existing shares from the date of allotment. This is a routine ESOP allotment approved by the Nomination and Remuneration Committee.
Likely market impact
Minor dilution of about 0.57 percent from ESOP exercise. Routine employee stock option allotment, no material impact expected on the stock.