IIFL Capital Services Limited has informed the Exchange regarding Allotment of 107610 Shares.
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IIFL Capital Services has allotted 107,610 equity shares to employees upon exercise of stock options under the IIFL ESOS-2018 scheme. With this allotment, the company's total equity base has increased from 310,260,219 to 310,367,829 shares of Rs. 2 face value each. Additionally, the Nomination and Remuneration Committee approved a fresh grant of 173,158 stock options to identified employees at an exercise price of Rs. 273.80 per option. The new options will vest over 4 years and must be exercised within 7 years from the grant date.
This is a routine ESOP allotment and grant with a small dilution (~0.035%) from the share issuance. The new grants at Rs. 273.80 represent future potential dilution, but the immediate impact on existing shareholders is minimal.