MEESHONSEMeesho LimitedLowNeutral
Announced Sat, 20 Jun · 16:27 IST

Meesho allots 1.03 crore shares under ESOP 2024 Plan

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MEESHO · price

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Price reaction · full curve 14 horizons · vs prior close
+5.4%1-day move
₹176.00
prior close
₹177.00
base price
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AI summary

Meesho's Nomination and Remuneration Committee approved allotment of 1,03,59,200 equity shares (face value Re. 1 each) to eligible employees upon exercise of vested options under ESOP 2024 Plan. Paid-up share capital rose from about Rs. 459.83 crore to Rs. 460.87 crore, a dilution of around 0.23 percent. Shares rank equally with existing equity shares.

Likely market impact

Marginal dilution of about 0.23 percent from ESOP exercise; routine employee stock option allotment with limited price impact.