India Shelter Finance Corporation Limited has informed the Exchange regarding Allotment of 42700 Shares.
INDIASHLTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
India Shelter Finance Corporation has allotted 42,700 equity shares (face value Rs. 5 each) to employees who exercised their vested stock options. Of these, 33,700 shares were issued under the ESOP 2021 scheme and 9,000 under the ESOP 2023 scheme. As a result, the company's paid-up share capital has risen from Rs. 54.36 crore (10.87 crore shares) to Rs. 54.38 crore (10.876 crore shares). Exercise prices ranged from Rs. 154.80 to Rs. 207.70 under ESOP 2021 and Rs. 204 under ESOP 2023. The newly issued shares carry no lock-in and will rank equally with existing equity shares.
This is a routine ESOP allotment with a very small dilution of under 0.04%, so there is no meaningful impact on existing shareholders. The slight increase in share count is unlikely to affect the stock price.