JM Financial Allots 4,93,742 Equity Shares Following Exercise of Employee Stock Options
JM Financial Limited has completed the allotment of equity shares following the exercise of stock options by eligible employees under its Employees' Stock Option Scheme (ESOS). The allotment was approved by the company's Allotment Committee and pertains to a total of 4,93,742 equity shares, each having a face value of ₹1/-.The allocation details across various series of the ESOS are as follows:
| Series | Number of Stock Options Exercised and Shares Allotted |
|---|---|
| ESOS - Series 13 | 17,742 |
| ESOS - Series 19 | 2,26,000 |
| ESOS-Series 20 | 2,50,000 |
| Total | 4,93,742 |
Following the allotment of these equity shares, the paid up equity share capital of JM Financial Limited has been updated. The company's paid up equity share capital now stands at ₹ 95,69,59,936/-, representing 95,69,59,936 equity shares with a face value of ₹1/- each.
JMFINANCIL Stock Price Movement
Shares of JM Financial Limited today slipped by 2.16% to settle at ₹125.98, closing lower from its previous close. The equity traded with a volume of 1.70 million shares during the session.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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