Nippon Life India Asset Management Limited has informed the Exchange regarding Allotment of 546930 Shares.
NAM-INDIA · price
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Nippon Life India Asset Management has allotted 5,46,930 equity shares (face value Rs. 10 each) to employees under four schemes: ESOP 2017 (3,78,704 shares at Rs. 202.50), ESOP 2019 (1,51,032 shares at grant prices between Rs. 223.32 and Rs. 389.28), ESOP 2023 (11,386 shares at Rs. 499.76), and PSU 2023 (5,808 shares at Rs. 10). The allotment was approved by the Allotment Committee on August 13, 2025. The total amount received from these allotments is approximately Rs. 12.45 crore. Post-allotment, the company's paid-up equity share capital has increased to 63,59,01,568 shares (Rs. 635.90 crore). The newly issued shares will rank equally with existing shares in all respects.
This is a routine ESOP allotment that slightly dilutes existing shareholders (by about 0.09%) but brings in fresh capital from employees exercising their stock options. The impact on share price is likely minimal as this is a standard employee compensation event.