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 Ltd has allotted 15,000 equity shares of Rs. 2/- each to an eligible employee who exercised stock options under the ESOP 2017 (3rd grant). The exercise price was Rs. 36.20 per share after the share split that took effect on 25th November 2022. Following this allotment, the company's paid-up capital increased marginally from Rs. 14,43,27,860 to Rs. 14,43,57,860. The total number of equity shares increased from 72,163,930 to 72,178,930. This is a routine ESOP exercise and represents minimal dilution of approximately 0.02% to existing shareholders.
Minimal impact on existing shareholders due to the small number of shares (15,000) being allotted, representing only 0.02% dilution. The exercise price of Rs. 36.20 indicates the employee is purchasing shares at a discount to current market price.