Announced Mon, 27 Jul · 22:02 IST
Meesho allots 11.86 lakh shares on ESOP exercise
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MEESHO · price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Meesho's Nomination and Remuneration Committee approved allotment of 11,86,589 equity shares (face value Re. 1) to employees on exercise of vested options under the ESOP 2024 Plan. The new shares rank pari-passu with existing shares. Paid-up equity capital rose from Rs 462.24 crore to Rs 462.36 crore. No fresh fundraising; routine ESOP-driven issuance.
Likely market impact
Routine ESOP allotment, minor dilution of about 0.26 percent. No material impact on stock price or shareholder value.