Kalyan Jewellers India Limited has informed the Exchange regarding Allotment of 77545 Shares.
KALYANKJIL · price
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Kalyan Jewellers has allotted 77,545 equity shares (face value Rs. 10) to eligible employees who exercised their vested stock options under the company's ESOP 2020 plan. The shares were issued at an exercise price of Rs. 150 each, meaning a premium of Rs. 140 per share over face value. After this allotment, the total issued equity shares stand at 1,03,27,40,207. The newly issued shares carry no lock-in and are identical in all respects to existing shares. The company is completing listing formalities for these shares.
This is a routine ESOP allotment with negligible dilution (about 0.0075% of total share count) and no material impact on existing shareholders. It actually generates around Rs. 1.16 crore in fresh capital for the company at a healthy premium.