Please find enclosed the intimation for allotment of ESOPs dated May 14, 2025.
Awaiting price reaction for this filing.
Nippon Life India Asset Management has allotted 23,151 equity shares to employees under its ESOP 2019 and ESOP 2023 schemes on May 14, 2025. Under ESOP 2019, 17,806 shares were allotted at grant prices of Rs. 223.32 (5,000 shares) and Rs. 372.71 (12,806 shares). Under ESOP 2023, 5,345 shares were allotted at Rs. 499.76 per share. Total amount received from these allotments is approximately Rs. 85.61 lakh. Consequently, the company's paid-up equity share capital has risen from 63,47,02,632 to 63,47,25,783 shares of face value Rs. 10 each.
This is a routine ESOP allotment with a very small dilution (23,151 shares, roughly 0.004% increase in share count) and is unlikely to have any meaningful impact on the stock price. It signals continued employee participation and alignment through stock-based compensation.