Medi Assist Healthcare Services Limited has informed the Exchange regarding Allotment of 92415 equity shares pursuant to exercise of ESOP
MEDIASSIST · price
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The Nomination and Remuneration Committee approved the allotment of 92,415 equity shares of Rs. 5 face value each to an eligible employee upon exercise of vested stock options under the ESOP 2013 scheme. The exercise prices were Rs. 256 and Rs. 273 per share with premiums of Rs. 251 and Rs. 268 respectively. Following this allotment, the company's paid-up equity share capital increased from Rs. 37,30,47,135 to Rs. 37,35,09,210, and total shares outstanding increased from 7,46,09,427 to 7,47,01,842. The new shares rank pari-passu with existing equity shares and carry no lock-in restrictions.
This is a routine corporate action resulting in modest dilution of approximately 0.12% to existing shareholders. The exercise prices suggest the options were granted when the stock was trading higher, indicating the employee is exercising in-the-money options.