Tube Investments of India Limited has informed the Exchange about Allotment of 4001 equity shares under Employee Stock Option Plan 2017.
TIINDIA · price
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Awaiting price reaction for this filing.
Tube Investments of India has allotted 4,001 equity shares (face value Re. 1 each) to eligible employees who exercised stock options under the company's ESOP 2017. The exercise price was Rs. 384.20 per share. As a result, the total number of equity shares outstanding has increased from 19,34,93,889 to 19,34,97,890, and the paid-up equity share capital has risen by Rs. 4,001. This is a routine ESOP-related disclosure and the number of shares issued is very small compared to the total share base.
The allotment is a minor, routine event with negligible dilution (0.002% increase in share count). It is unlikely to have any meaningful impact on the stock price or shareholder value.