The Share Allotment Committee today approved the allotment of 51,202 Equity Shares of face value of Rs. 2 each upon exercise of stock options vested under the Employees Stock Option Scheme 2016 as per details in the enclosed intimation.
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Varun Beverages Limited allotted 51,202 equity shares of face value Rs. 2 each to eligible employees who exercised vested stock options under the Employees Stock Option Scheme 2016. As a result, the total paid-up share count increased marginally from 338,18,65,692 to 338,19,16,894 shares. The exercise prices ranged from Rs. 119.20 to Rs. 251.00 per share, depending on the ESOP tranche. The newly allotted shares rank equally with existing equity shares and have no lock-in restrictions.
This is a routine ESOP allotment causing negligible dilution of around 0.0015% to existing shareholders. No material impact on share price is expected as it is a small, scheduled employee benefit exercise.