One MobiKwik Systems Limited has informed the Exchange regarding allotment of 465873 Shares.
MOBIKWIK · price
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One Mobikwik Systems has allotted 4,65,873 equity shares (face value ₹2 each) to eligible employees who exercised their vested stock options under the MobiKwik Employee Stock Option Plan 2014. Of these, 3,76,533 shares were allotted at ₹2 per share and 89,340 shares at ₹34.75 per share. As a result, the company's total equity share count has risen from 7,76,86,313 to 7,81,52,186 shares, and paid-up equity capital has increased from ₹15.53 crore to ₹15.63 crore. The new shares will rank equally with existing shares in all respects, including dividend rights, and carry no lock-in period.
This is a routine ESOP allotment and a small dilution of about 0.6% to the existing share base. It is unlikely to materially affect the stock price, though it reflects ongoing employee incentivisation by the company.