Max Healthcare Institute Limited has informed the Exchange regarding 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 allotted at an exercise price of ₹350 per share, resulting in a premium of ₹340 per share. Following this allotment, the company's paid-up equity share capital increased from ₹973,19,25,020 to ₹973,24,37,890. The company notes that this allotment is not material in nature and does not create any lock-in on the shares.
The dilution is minimal at 0.005% of total shares, and the company has confirmed the new shares are identical to existing shares. This is a routine ESOP exercise with negligible impact on shareholders.