Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands has allotted 3,650 equity shares of Rs. 5 each under its Employee Stock Option Plan (ESOP 2008) after employees exercised their stock options. The shares were issued at two exercise prices: Rs. 228 per share for 1,526 shares and Rs. 544.80 per share for 2,124 shares. As a result, the company's paid-up equity capital increased marginally from Rs. 1,361,248,230 to Rs. 1,361,266,480, taking the total share count to 272,253,296. The company has explicitly stated this allotment is not material in nature.
This is a routine ESOP allotment with negligible dilution (0.0013% increase in share count). No material impact on shareholders or stock price is expected.