India Shelter Finance Corporation Limited has informed the Exchange regarding Allotment of 6400 Shares.

INDIASHLTR · price

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Price reaction · full curve 14 horizons · vs prior close

+3.3%1-day move

₹811.10

prior close

₹825.60

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-1.0-1.4+0.7-0.5+3.3+3.3+3.6+3.6+3.0+3.2-4.1-6.8-2.9—

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AI summary

India Shelter Finance Corporation Limited has allotted 6,400 equity shares of Rs. 5 each to employees who exercised their vested stock options under two ESOP schemes - ESOP 2021 (2,400 shares at Rs. 154.80) and ESOP 2023 (4,000 shares at Rs. 204.00). The company's paid-up capital has increased marginally from Rs. 54,38,93,495 to Rs. 54,39,25,495, with total equity shares rising from 10,87,78,699 to 10,87,85,099. The newly allotted shares will rank pari-passu with existing equity shares and are in the process of being listed.

Likely market impact

The dilution is negligible at approximately 0.006%, having minimal impact on existing shareholders. The exercise prices well above face value indicate employees are realising value from the ESOP schemes, which is a routine corporate action.