One 97 Communications Limited has informed the Exchange regarding Allotment of 63,995 equity shares pursuant to exercise of stock options under One 97 Employees Stock Option Schemes
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One 97 Communications (PAYTM) has allotted 63,995 equity shares to employees who exercised their vested stock options. Of these, 63,812 shares came from the ESOP 2019 scheme and 183 shares from the ESOP 2008 scheme. The shares have a face value of ₹1 each and were issued at an exercise price of ₹9 per share (including ₹8 premium). Following this allotment, the company's paid-up equity share capital increased from ₹64,00,45,681 to ₹64,01,09,676. The newly allotted shares carry no lock-in and rank pari-passu with existing equity shares.
This is a routine corporate action resulting in minor dilution of approximately 0.01% of total shares. The impact on stock price is negligible as ESOP exercises are regular occurrences for listed companies. Existing shareholders may see minimal dilution to their ownership percentage.