Intimation for allotment of Equity Shares pursuant to exercise of stock options under WABAG Centenary Stock Option Scheme 2023
WABAG · price
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VA Tech Wabag has allotted 25,225 equity shares of face value INR 2 each to eligible employees who exercised stock options under its 'WABAG Centenary Stock Option Scheme 2023'. The exercise price was INR 513 per share (premium of INR 511). Following this allotment, the company's total equity shares have gone up from 6,21,90,428 to 6,22,15,653, and paid-up share capital has risen marginally from INR 12.44 crore to INR 12.44 crore (INR 12,44,31,306). The new shares will rank equally with existing shares and there is no lock-in period. This is a routine ESOP-related allotment and represents very minor dilution (about 0.04% increase in share count).
This is a small, routine ESOP allotment with negligible dilution. Shareholders are not materially affected and the announcement is unlikely to have any meaningful impact on the stock price.