Allotment of 57,709 Equity Shares under Mankind Employee Stock Option Plan 2022.
MANKIND · price
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Mankind Pharma has allotted 57,709 equity shares to eligible employees who exercised their stock options under the Mankind Employee Stock Option Plan 2022. The shares have a face value of Re. 1 each and were issued at an exercise price of Rs. 860 per share (premium of Rs. 859). As a result, the company's paid-up share capital has increased from 41,26,71,039 to 41,27,28,748 equity shares. The newly allotted shares will rank equally with existing shares and have no lock-in restrictions.
This is a routine ESOP allotment with a very small dilution (0.014% of existing share count), so it is unlikely to have any meaningful impact on the stock price. It reflects ongoing employee compensation activity and is neutral for existing shareholders.