Allotment of shares under ESOP Scheme 2010 and 2016.
STLTECH · price
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Sterlite Technologies Limited's Authorization and Allotment Committee allotted 35,097 equity shares to employees who exercised their options under the ESOP Schemes of 2010 and 2016. Post allotment, the company's share capital increased from 488,132,538 to 488,167,635 shares. The newly allotted shares will rank pari passu (equal ranking) with existing shares in all respects. This is a routine corporate action to fulfil employee stock option commitments.
This is a minor dilution of approximately 0.007% of total shares. The impact on the stock price is negligible, and the event carries no immediate shareholder value implications beyond standard ESOP execution.