Allotment of Equity Shares pursuant to Employees Stock Option Scheme(s).
JUSTDIAL · price
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Just Dial Ltd has allotted 4,375 equity shares of Rs.10 face value each to employees who exercised their vested stock options. The exercise price was Rs.10 per share, generating Rs.43,750 in total. This is a routine corporate action under the company's employee stock option scheme. Following the allotment, the company's total issued and paid-up share capital stands at Rs.85,04,90,320 divided into 8,50,49,032 equity shares. The dilution effect is negligible at 0.005% as only a very small number of shares were issued.
Minimal impact on existing shareholders as the dilution is negligible. This represents standard ESOP exercise activity and is a regular occurrence for listed companies with employee stock option plans.