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 has allotted 57,461 equity shares to eligible employees who exercised their vested stock options under the ESOP 2022. 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 capital increased from ₹973.13 crore to ₹973.19 crore. The company clarified that this is not material in nature, as the dilution is minimal at less than 0.01% of total shares. The shares will be in dematerialized form with ISIN INE027H01010.
This is a routine ESOP exercise with negligible dilution to existing shareholders. The impact on the stock is immaterial, though it reflects the company's use of employee stock incentives for talent retention.