Intimation of Allotment of Equity Shares under Indiamart Employee Stock Benefit Scheme 2018.
INDIAMART · price
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IndiaMART InterMESH Limited's Share Allotment Committee has allotted 56,000 equity shares of Rs. 10 each to the Indiamart Employee Benefit Trust at Rs. 10 per share. This issuance is under the IndiaMART Employee Stock Benefit Scheme - 2018 to facilitate exercise of Stock Appreciation Rights (SARs) and Employee Stock Options (ESOPs). Following the allotment, the company's paid-up equity share capital has increased from Rs. 60,08,71,480 (6,00,87,148 shares) to Rs. 60,14,31,480 (6,01,43,148 shares), a marginal increase of about 0.09%.
The share issuance is a routine corporate action with minimal impact on the company's valuation or shareholding structure. The new shares rank pari-passu with existing equity shares. No significant price reaction is expected from this disclosure.