Allotment of Equity Shares on exercise of Stock Options granted under Mafatlal Employees Stock Options Scheme 2017.
MAFATIND · price
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Mafatlal Industries has allotted 36,500 equity shares of face value ₹2 each to eligible employees who exercised their stock options under the ESOP 2017 (3rd grant) at an exercise price of ₹36.20 per share. The total paid-up equity shares rose from 7,19,10,430 to 7,19,46,930, a marginal increase of about 0.05%. The company had earlier received BSE approval to list up to 6,95,000 shares (now 34,75,000 post the 2022 stock split) under this ESOP scheme, of which this allotment is a part.
This is a routine ESOP allotment with negligible dilution to existing shareholders. No material impact expected on share price or shareholder value.