National Stock Exchange of India Announces Allotment of Equity Shares under Employee Stock Option Plan

Strategic Insights -

The National Stock Exchange of India Ltd. has announced the allotment of 42,489 equity shares under the Associate (Employees) Stock Option Plan. The shares were allotted to option grantees who exercised their options granted under the ESOP Schemes, including the Intellect Stock Option Plan 2015, Intellect Stock Option Plan 2016, and Intellect Incentive Plan Scheme 2018. The total paid-up shares of the company have increased from 139,049,364 to 139,091,853.

Key Takeaways:

  • The National Stock Exchange of India Ltd. has announced the allotment of 42,489 equity shares under the Associate (Employees) Stock Option Plan.
  • The shares were allotted to 24,439 option grantees under the Intellect Stock Option Plan 2015, 100 option grantees under the Intellect Stock Option Plan 2016, and 17,950 option grantees under the Intellect Incentive Plan Scheme 2018.
  • The company received in-principle approvals from National Stock Exchange of India Limited (NSE) and BSE Limited for listing and trading approvals of the share on September 26, 2016, and September 24, 2019, respectively.
  • The details as required under Regulation 10(c) of SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021 are enclosed as Annexure - I.
  • The new equity shares issued shall rank pari-passu with the existing equity shares.
  • The company's paid-up shares have increased from 139,049,364 to 139,091,853.

Statistics:

  • 42,489 equity shares were allotted under the Associate (Employees) Stock Option Plan.
  • 24,439 equity shares were allotted under the Intellect Stock Option Plan 2015.
  • 100 equity shares were allotted under the Intellect Stock Option Plan 2016.
  • 17,950 equity shares were allotted under the Intellect Incentive Plan Scheme 2018.
  • The total paid-up shares have increased by 42,489.
  • 139,049,364 shares were previously outstanding.
  • 139,091,853 shares are now outstanding.

Sources:

  • National Stock Exchange of India Ltd.
  • SEBI (Listng Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI (Share Based Employee Benefits and Sweat Equity) Regulations, 2021