Allotment of 7,66,530 Equity Shares of Rs. 10/- each to the eligible employees/ESOP holders
SHADOWFAX · price
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Shadowfax Technologies has allotted 7,66,530 equity shares of Rs. 10 each to eligible employees and ESOP holders who exercised their stock options under the SFX ESOP 2016 plan. The company's paid-up equity share capital has increased from Rs. 5,83,98,59,270 to Rs. 5,84,75,24,570 as a result of this allotment. Total shares outstanding have risen from 58,39,85,927 to 58,47,52,457. This is a routine ESOP exercise and share dilution event, disclosed under SEBI Listing Regulations.
Existing shareholders will experience mild dilution as 7.67 lakh new shares have been issued. The impact on the stock price is likely neutral to marginally negative, as this is a standard employee compensation exercise.