Nippon Life India Asset Management Limited has informed the Exchange regarding Allotment of 23151 Shares.
NAM-INDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Nippon Life India Asset Management has allotted 23,151 equity shares to employees under two stock option plans — 17,806 shares under ESOP 2019 at grant prices of Rs. 223.32 and Rs. 372.71, and 5,345 shares under ESOP 2023 at Rs. 499.76 per share. Total amount received is approximately Rs. 85.60 lakh. Post this allotment, the company's paid-up equity share capital has increased from 63,47,02,632 to 63,47,25,783 equity shares of Rs. 10 face value each. The new shares will rank equally with existing shares in all respects.
This is a routine ESOP allotment with a very small dilution (about 0.004% of paid-up capital) and is unlikely to have any meaningful impact on the stock price or shareholder value.