Interarch Building Solutions Limited has informed the Exchange about issue of Securities
INTERARCH · price
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Interarch Building Solutions has allotted 131,422 equity shares to eligible employees who exercised stock options under the company's ESOP Scheme-2023. The shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 250 per share (Rs. 240 premium). After this allotment, the company's total issued shares stand at 16,771,853, taking the total issued share capital to Rs. 16.77 crore. The new shares rank equally with existing equity shares and have been issued in demat form with no lock-in period.
This is a routine ESOP allotment that slightly increases the share count (about 0.79% dilution from 16.64 million to 16.77 million shares). It is unlikely to have a material impact on the stock price but reflects the company rewarding its employees through its stock incentive plan.