SBI Life Insurance Company Limited has informed the Exchange regarding allotment of 47803 securities pursuant to ESOP/ESPS at its meeting held on May 15, 2025
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SBI Life Insurance has allotted 47,803 equity shares of Rs. 10 each to certain employees who exercised their vested stock options under the SBI Life Employee Stock Option Scheme 2018. The allotment was approved by the Board Stakeholders' Relationship & Sustainability Committee on May 15, 2025. After this allotment, the total paid-up share capital stands at Rs. 1,002.18 crore, comprising 1,00,21,82,886 equity shares. This is a routine ESOP exercise with no material financial impact.
This is a minor, routine allotment representing roughly 0.0048% of total shares outstanding. Negligible dilution for existing shareholders; no meaningful impact on share price or financial position of the company.