Shriram Finance Limited has informed the Exchange regarding Allotment of 119787 Shares.
SHRIRAMFIN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shriram Finance has allotted 1,19,787 equity shares (face value Rs.2 each) to 163 employees who exercised their stock options under the SFL Employee Stock Option Scheme 2023 (No.1). The shares were issued at an exercise price of Rs.38.71 per share, which includes a premium of Rs.36.71 over the face value. Following this allotment, the company's paid-up share capital has increased from Rs.376.13 crore to Rs.376.15 crore, taking the total number of issued shares to 1,88,07,63,011. The newly allotted shares carry no lock-in period and will rank equally with existing shares. The disclosure has been made under SEBI's Listing Regulations and the Share Based Employee Benefits Regulations, 2021.
This is a routine ESOP allotment with negligible dilution (under 0.01% of total share base), so there is no meaningful impact on share price or shareholder value.