Suzlon Energy Limited has informed the Exchange regarding Allotment of 4385250 Shares.
SUZLON · price
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Suzlon Energy has allotted 43,85,250 equity shares (face value Rs.2 each) to employees who exercised stock options under the company's ESOP 2022 plan. The shares came from three separate grants with different exercise prices: 23,48,750 shares at Rs.5 (Grant 1, May 2023), 11,49,000 shares at Rs.30 (Grant 2, May 2024), and 8,87,500 shares at Rs.24 (Grant 3, May 2024). Together, the company collected about Rs.6.75 crore (including premium) from these exercises. After this allotment, Suzlon's total paid-up equity capital is roughly Rs.2,741 crore, spread across about 1,370.63 crore fully paid-up shares.
This is a routine, small ESOP allotment with negligible dilution (under 0.005% of existing share count) and no material impact on shareholders or the stock price. The cash raised is tiny relative to the company's size and is already factored in as part of the approved employee stock option scheme.