Tube Investments of India Limited has informed the Exchange regarding Allotment of 7941 Shares.
TIINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Tube Investments of India has allotted 7,941 equity shares of Re. 1 face value to eligible employees who exercised their stock options under the ESOP 2017 plan. The shares were allotted in two tranches: 5,061 shares at an exercise price of Rs. 378.25 per share and 2,880 shares at Rs. 1,471.90 per share. Following this allotment, the total number of outstanding equity shares has gone up marginally from 19,35,44,928 to 19,35,52,869, and the paid-up equity capital has risen from Rs. 19,35,44,928 to Rs. 19,35,52,869.
This is a routine ESOP allotment with a very small dilution (about 0.004% increase in share count), so it is unlikely to have any meaningful impact on the stock price or existing shareholders.