Sai Life Sciences Limited has informed the Exchange regarding Allotment of 4,03,990 Equity Shares under ESOP Plans.
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Sai Life Sciences has allotted 4,03,990 fully paid-up equity shares (face value Re. 1) upon exercise of stock options by employees. This includes 12,000 shares under the ESOP 2008 plan at Rs. 188.90 per share, and 3,91,990 shares under the MESOP 2018 plan at Rs. 127.30 (1,78,490 shares) and Rs. 23.30 (2,13,500 shares) per share. The total money realized from these exercises is about Rs. 2.99 crore. After this allotment, the company's total issued share capital stands at 20,92,49,292 equity shares. The shares have been issued in dematerialized form and carry no lock-in restrictions.
This is a routine ESOP allotment and results in a marginal dilution of about 0.02% in the total share count. It is unlikely to have any meaningful impact on the stock price, though it reflects employee confidence in exercising their options at current market terms.