Laurus Labs Limited has informed the Exchange regarding Allotment of 255370 Shares.
LAURUSLABS · price
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Laurus Labs has allotted 255,370 equity shares (face value Rs.2 each) to eligible employees upon exercise of stock options. This includes 75,995 shares under the ESOP 2016 (Grant-IV) and 1,79,375 shares under the ESOP 2021 (Grant-I), both at an exercise price of Rs.301.50 per share. The company realized approximately Rs.7.70 crore from these exercises. After this allotment, the total paid-up share capital stands at Rs.1,07,96,49,798 with 53,98,24,899 shares issued. The newly issued shares carry no lock-in period and are identical in all respects to existing equity shares.
This is a routine ESOP allotment and is mildly dilutive for existing shareholders. The exercise price of Rs.301.50 is well below the current market price, meaning employees are realizing significant value, but the impact on overall share count is very small relative to the total shares outstanding.