Suzlon Energy Limited has informed the Exchange regarding Allotment of 195000 Shares.
SUZLON · price
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Suzlon Energy's Securities Issue Committee approved allotment of 1,95,000 fully paid-up equity shares of Rs.2 each to eligible employees who exercised their stock options under the Employee Stock Option Plan 2022. The total money realized was Rs.28,50,000. Two grants were exercised: 1,20,000 shares from Grant 1 (exercise price Rs.5 including Rs.3 premium) and 75,000 shares from Grant 2 (exercise price Rs.30 including Rs.28 premium). Post-allotment, the company's paid-up capital stands at Rs.2743.10 crores comprising 1371.55 crore shares.
Negligible dilution of 0.014% from this ESOP exercise. This is a routine employee benefit disclosure with no material impact on shareholders or stock price.