Nippon Life India Asset Management Limited has informed the Exchange regarding Allotment of 222742 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 Limited has allotted 2,22,742 equity shares of Rs. 10 face value to employees under three stock option schemes. Of these, 1,67,654 shares were issued under ESOP 2017 at a grant price of Rs. 202.50 per share, 51,729 shares under ESOP 2019 at grant prices ranging from Rs. 223.32 to Rs. 372.71, and 3,359 shares under the Performance Linked Stock Unit Scheme 2023 at Rs. 10 per share. As a result, the company's paid-up equity share capital has increased from 63,48,21,475 to 63,50,44,217 shares. The newly issued shares will rank equally with existing shares in all respects.
This is a routine ESOP allotment with a very small dilution (about 0.04% of total share capital), so the impact on existing shareholders is minimal. The share capital rises slightly and the company receives additional subscription money from employees exercising their stock options.