WeWork India Management Limited has informed the Exchange regarding Allotment of 13,87,228 Equity Shares pursuant to exercise of Employee Stock Options.
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WeWork India Management Limited has allotted 13,87,228 fully paid-up equity shares (face value ₹10 each) to eligible employees who exercised their vested stock options. Of these, 13,77,642 shares came from the 2018 Equity Incentive Plan and 9,586 shares from the 2021 Equity Incentive Plan. The company received ₹7.52 crore as exercise consideration from option holders. Exercise prices varied from ₹10 to ₹232.86 per share across different tranches. Following this allotment, the company's paid-up equity share capital stands at ₹138.58 crore comprising 13,85,81,180 equity shares. The diluted earnings per share is ₹5.23 based on standalone financial results for the year ended March 31, 2026.
This is a routine corporate action where employee stock options are exercised and converted into equity shares. The share count increases, which may have a minor dilutive effect on existing shareholders. The new shares will rank pari passu with existing shares.