Sai Life Sciences Limited has informed the Exchange regarding Allotment of 244281 Shares under ESOP Schemes of the Company.
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Sai Life Sciences has allotted 244,281 fully paid-up equity shares of Re.1 each to employees upon exercise of stock options. Of these, 44,500 shares were allotted under the ESOP 2008 scheme at Rs. 188.90 per share, and 1,99,781 shares were allotted under the MESOP 2018 scheme at Rs. 127.30 per share. The company raised approximately Rs. 3.38 crore from this exercise. The total issued share capital after this allotment stands at 212,023,515 shares. The shares have been issued in dematerialized form with ISIN INE570L01029.
This is a routine disclosure with minimal impact on stock price as it relates to employee stock option exercises. The dilution is minimal relative to total share capital, and such filings are expected as part of normal ESOP operations.