Suzlon Energy Limited has informed the Exchange regarding Allotment of 124000 Shares.
SUZLON · price
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Suzlon Energy's Securities Issue Committee approved the allotment of 1,24,000 equity shares on 8th May 2025, pursuant to the exercise of stock options under Grant 1 of its Employee Stock Option Plan 2022 (ESOP 2022). The shares have a face value of Rs. 2 each and were issued at an exercise price of Rs. 5 per share (a premium of Rs. 3), raising a total of Rs. 6,20,000. Post-allotment, the company's paid-up equity share capital stands at Rs. 2,729.79 crore, divided into approximately 1,364.89 crore fully paid-up equity shares of Rs. 2 each. The allotment is a routine ESOP exercise with no variation in terms of the options.
This is a minor, routine ESOP allotment and is unlikely to have any material impact on the stock price or shareholder value. The dilution is negligible relative to the company's total share count.