Indostar Capital Finance Allots Equity Shares Following Stock Option Exercise; Paid-up Capital Increases
Indostar Capital Finance Ltd has completed the allotment of equity shares after the exercise of stock options under the IndoStar ESOP Plan 2018. The move resulted in an increase in the company's paid-up equity share capital.The allotment was approved by Mr. Randhir Singh, Managing Director and Executive Vice Chairman of the Company. As part of this action, Indostar Capital Finance allotted 7,352 equity shares of face value INR 10/- each to shareholders exercising their options.
This transaction updates the company's capital structure, which saw a subsequent increase in paid-up equity share capital.
The key details regarding the change in paid-up equity share capital are summarized below:
| Metric | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Equity Share Capital | INR 1,61,58,50,070/- | INR 1,61,59,23,590/- |
| Total Equity Shares Outstanding | 16,15,85,007 | 16,15,92,359 |
| Face Value per Share | INR 10/- | INR 10/- |
The company recorded the allotment in accordance with its internal resolutions relating to the utilization of stock options under the IndoStar ESOP Plan 2018.
INDOSTAR Stock Price Movement
Today, IndoStar Capital Finance Limited shares edged higher to close at ₹269.35 after gaining 0.45%. The stock traded within a range of ₹265.75 to ₹276.60 during the day.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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