L&T Finance Ltd Allots 55,800 Equity Shares Through ESOP Exercise
L&T Finance Ltd announced the allotment of equity shares following the exercise of Employee Stock Option Plan (ESOP) options. The allocation occurred on Friday, May 29, 2026, benefiting option grantees who exercised their rights under the company's specified scheme.The allotment committee approved the issuance of a total of 55,800 shares. This exercise relates specifically to the L&TFL Employee Stock Option Scheme - 2013.
The details of the shares allotted are as follows:
| Scheme | Number of Shares |
|---|---|
| L&TFL Employee Stock Option Scheme - 2013 | 55,800 |
| Total | 55,800 |
The newly allotted equity shares will rank pari passu with the company's existing equity shares in all respects. Furthermore, the shares are entitled to any dividends that may be declared in the future.
LTF Stock Price Movement
As of 9:50 AM, L&T Finance Limited shares are rallying to ₹286.65, marking a 1.76% advance on the day. The stock is seeing significant interest in the live market, trading on a volume of 869,672 shares.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.