TECHMNSETech Mahindra Limited· Computers - SoftwareLowNeutral
Announced Tue, 17 Mar · 10:58 IST

Tech Mahindra Limited has informed the Exchange regarding allotment of 61561 securities pursuant to ESOP/ESPS at its meeting held on March 17, 2026

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Price reaction · full curve 14 horizons · vs prior close
+3.1%1-day move
₹1340.90
prior close
₹1340.00
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AI summary

Tech Mahindra has allotted 61,561 equity shares of ₹5 each to employees who exercised their stock options. Out of these, 42,381 shares were issued under the ESOP-2014 plan and 19,180 shares under the ESOP-2018 scheme. The allotment was approved by the Securities Allotment Committee on 17th March, 2026 at 5:39 a.m. After this issue, the total number of issued shares stands at 97,98,41,252, taking the total share capital to ₹4,89,92,06,260. The exercise price was ₹5 per share (no premium), and the new shares rank equally with existing equity shares with no lock-in period.

Likely market impact

This is a routine, small-scale ESOP allotment that has a negligible dilutive effect on existing shareholders given Tech Mahindra's large share base of nearly 98 crore shares. No material impact on stock price is expected.