STL Networks Limited has informed the Exchange about Options to purchase securities
STLNETWORK · price
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STL Networks Limited has allotted 44,996 equity shares of face value ₹2 each to eligible employees who exercised their stock options under the SP-ESOS 2025 scheme. The shares were issued at face value, generating ₹89,992 in total consideration. This allotment is part of a Scheme of Arrangement following the demerger from Sterlite Technologies Limited, where eligible employees received 1 option under SP-ESOS 2025 for every 1 option held in the Demerged Company. Post-allotment, the total issued share capital stands at ₹97,61,53,000 (97,61,53,000 shares at ₹2 face value). The company states earnings per share remain unaffected as the quantity of shares is negligible.
This is a routine ESOP exercise with minimal dilution (44,996 shares out of 48.8 crore total). There is no material impact on stock price or shareholder value. The allotment at face value indicates no discount was offered.