Nippon Life India Asset Management Limited has informed the Exchange regarding Allotment of 193469 Shares.
NAM-INDIA · price
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Nippon Life India Asset Management has allotted 193,469 equity shares to employees under three stock incentive plans. The shares were allotted at varying prices: 140,709 shares under ESOP 2019 (at Rs. 223.32 and Rs. 372.71 per share), 35,251 shares under ESOP 2023 (at Rs. 499.76 and Rs. 577.79 per share), and 17,509 shares under the Performance Linked Stock Unit Scheme 2023 (at face value Rs. 10 each). The company received approximately Rs. 5.19 crore in total consideration. The paid-up share capital has increased from 63,82,89,477 to 63,84,82,946 equity shares of Rs. 10 each. All new shares rank pari passu with existing equity shares.
This is a routine employee stock compensation event with minimal dilution of approximately 0.03% for existing shareholders. No material impact on the stock price is expected from this small quantum of allotment.