Suzlon Energy Limited has informed the Exchange regarding Allotment of 555250 Shares.
SUZLON · price
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Suzlon Energy has allotted 5,55,250 equity shares (face value Rs.2 each) to employees who exercised their stock options under the company's ESOP 2022 plan. The shares were allotted at exercise prices of Rs.5 per share for Grant 1 (5,53,250 shares) and Rs.30 per share for Grant 2 (2,000 shares). The company raised a total of Rs.28.26 lakhs (including premium) from this allotment. After this, the total paid-up equity share capital stands at Rs.2,742.58 crores, divided into approximately 1,371.29 crore fully paid-up equity shares.
This is a routine ESOP allotment with negligible dilution given the massive existing share base. No material impact expected on share price or shareholder value.