Tata Motors Passenger Vehicles Limited has informed the Exchange regarding Allotment of 58,077 Shares.
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Tata Motors Passenger Vehicles Limited has allotted 58,077 equity shares of ₹2 each fully paid up to eligible employees. These shares were issued upon exercise of 58,077 Performance Share Units at an exercise price of ₹2 per share under the company's Long Term Incentive Scheme 2021. Following this allotment, the company's paid-up equity share capital increased from ₹7,36,52,32,631 to ₹7,36,53,48,785. The total number of equity shares increased from 3,68,23,77,563 to 3,68,24,35,640. The newly allotted shares will rank equally with existing equity shares in all respects.
Minimal impact on shareholders due to negligible dilution of approximately 0.016%. This is a routine employee stock compensation event with no direct implications for stock price or shareholder value.