Rishabh Instruments allots 1.22 lakh shares under ESOP 2022 Scheme A
RISHABH · price
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On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 2.6 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Rishabh Instruments Limited has allotted 1,22,295 equity shares of face value Rs 10 each under its Employee Stock Option Plan 2022 - Scheme A. The shares were issued at an exercise price of Rs 165 each, with a premium of Rs 155. Paid-up equity capital has risen from 3,86,96,972 to 3,88,19,267 shares, taking the capital to Rs 38.82 crore. The new shares rank equally with existing shares.
Minor dilution of about 0.32 percent from ESOP exercise. No material impact on share price expected.