Suzlon Energy Limited has informed the Exchange regarding Allotment of 21150250 Shares.
SUZLON · price
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Suzlon Energy has allotted 2,11,50,250 equity shares to its employees who exercised stock options granted under the company's ESOP 2022 plan. The shares have a face value of Rs.2 each, and the company received a total of Rs.25.78 crores from this exercise, including premiums. The allotments came from three earlier grants — 1.38 crore shares at Rs.5 each, 22.10 lakh shares at Rs.30 each, and 50.94 lakh shares at Rs.24 each. After this allotment, the company's total paid-up share capital stands at about Rs.2,739 crores, divided into roughly 1,369.53 crore equity shares.
This is a routine ESOP allotment that results in only a minor dilution (less than 0.2% of existing share count) and brings Rs.25.78 crores of cash into the company. The very low exercise price on Grant 1 (Rs.5 vs Rs.2 face value plus Rs.3 premium) means employees are gaining significant value, but for shareholders the impact on stock price is negligible.