Metro Brands Limited has informed the Exchange about Options to purchase securities
METROBRAND · price
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Metro Brands has allotted 25,250 equity shares of ₹5 each to eligible employees who exercised stock options under the company's ESOP 2008 plan. The shares were issued at three different exercise prices: ₹228 (24,250 shares), ₹544.80 (500 shares), and ₹649.95 (500 shares). Following this allotment, the total number of equity shares increased from 27,24,33,991 to 27,24,59,241, a marginal increase of about 0.09%. The paid-up share capital rose from ₹136.22 crore to ₹136.23 crore. The company has stated that this allotment is not material in nature.
This is a routine ESOP allotment with negligible dilution for existing shareholders. No material impact on stock price or shareholder value is expected.