Mahindra Holidays & Resorts India Limited has informed the Exchange regarding allotment of 12750 securities pursuant to ESOP/ESPS
MHRIL · price
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Mahindra Holidays & Resorts India Limited has allotted 12,750 equity shares of Rs. 10 each to employees who exercised their stock options under the ESOS-2020 scheme. The company's paid-up equity share capital increased marginally from approximately Rs. 2,020.43 crore to Rs. 2,020.56 crore as a result. The newly allotted shares will carry the same rights as existing equity shares, including entitlement to dividends and other corporate benefits. This is a routine compliance filing to inform exchanges about the share capital change following the ESOP exercise.
The impact on shareholders is negligible as the dilution is minimal (12,750 shares against a base of over 2 billion shares). The announcement has no material effect on the stock price.