Allotment of Equity Shares under Max Healthcare Institute Limited - Employee Stock Option Scheme 2022
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Max Healthcare Institute's Nomination & Remuneration Committee approved the allotment of 51,287 equity shares to eligible employees who exercised their vested stock options under the ESOP 2022 scheme. The shares have a face value of ₹10 each and were issued at an exercise price of ₹350 per share (₹340 premium). Following this allotment, the company's paid-up equity share capital increased from ₹973.19 crore to ₹973.24 crore. The shares are identical to existing equity shares and are held in dematerialized form. The company has stated this allotment is not material in nature for disclosure purposes.
This is a routine corporate action with minimal impact on shareholders. The dilution from 51,287 shares represents an insignificant 0.005% increase in total shares outstanding, and there is no lock-in on these shares.