Piramal Pharma Limited has informed the Exchange regarding Allotment of 3500000 Shares.
PPLPHARMA · price
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Piramal Pharma Limited has allotted 35 lakh (3.5 million) equity shares of Rs. 10 each to its Employees Welfare Trust under the company's ESOP and Incentive Plan 2022. The shares were issued at face value (no premium) and will be transferred to eligible employees when they exercise their stock options. As a result, the company's paid-up equity capital rose from Rs. 1,325.74 crore to Rs. 1,329.24 crore, with total outstanding shares now at about 132.92 crore. The new shares will rank equally with existing shares and carry no lock-in restrictions.
This is a routine ESOP allotment that causes a very minor dilution of roughly 0.26% to existing shareholders. It is not a fundraising or value-impacting event for investors, but reflects ongoing employee incentive activity.