Announced Wed, 1 Jul · 12:26 IST
Allotment of 1.34 crore equity shares under ESOP 2024 Plan
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MEESHO · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹192.53
prior close
₹188.01
base price
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AI summary
Meesho's Nomination and Remuneration Committee approved allotment of 1,34,50,895 equity shares of face value Re. 1 each to eligible employees who exercised vested options under the ESOP 2024 Plan. As a result, paid-up share capital rose from about Rs. 460.87 crore (46,08,66,085 shares) to Rs. 462.21 crore (46,22,11,174 shares), a dilution of roughly 0.29 percent. The new shares rank equally with existing equity shares.
Likely market impact
Marginal dilution of about 0.29 percent from routine ESOP exercise. No material effect on stock price expected.