Intimation for allotment of 6068 Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
WABAG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VA Tech Wabag has allotted 6,068 equity shares to eligible employees who exercised their options under the WABAG Centenary Stock Option Scheme 2023. The exercise price was INR 513 per share with a premium of INR 511 per share. Following this allotment, the company's paid-up equity share capital increased from INR 12.46 crore to INR 12.46 crore, now comprising 6.23 crore shares of INR 2 face value each. The new shares will rank pari passu with existing shares and have no lock-in restrictions.
This is a routine employee stock option exercise with minimal dilution (0.01% increase in share count). The impact on stock price is negligible, though it reflects ongoing ESOP commitments to employees.