Announced Tue, 7 Jul · 15:38 IST
Shriram Finance allots 33,311 shares under ESOS 2023 to 63 employees
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SHRIRAMFIN · price
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Price reaction · full curve 14 horizons · vs prior close
-2.7%1-day move
₹1062.90
prior close
₹1058.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.0-1.9-2.2-1.7-2.7-2.1-1.4-4.8-2.9-2.6————
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AI summary
Shriram Finance allotted 33,311 equity shares of Rs.2 face value to 63 employees who exercised stock options under the SFL ESOS 2023 (No.1) scheme. The exercise price was Rs.38.71 per share, including a premium of Rs.36.71. This routine ESOP allotment raised paid-up equity capital from about Rs.470.58 crore to Rs.470.59 crore. The new shares rank equally with existing equity shares of the company.
Likely market impact
Marginal equity dilution of 33,311 shares; routine ESOP allotment with negligible impact on existing shareholders.