Suzlon Energy Ltd. Allots 6,57,000 Shares via ESOP Exercise
Suzlon Energy Ltd. announced that its Securities Issue Committee, comprising the Board of Directors, approved the allotment of 6,57,000 fully paid-up equity shares. The allotment is being executed for cash at a premium in dematerialised form to eligible employees of the company and its subsidiaries.The shares have a face value of Rs.2/- (Rupees Two Only) each. The allotment proceeds total Rs.1,11,22,500/- (Rupees One Crore Eleven Lacs Twenty Two Thousand Five Hundred Only).
The shares are being allotted pursuant to the exercise of options granted under the Employee Stock Option Plan 2022 (ESOP 2022).
ESOP Allotment Details
The allotment is broken down into two tranches of options exercised, providing a clear breakdown of the grants:| Grant Date | Options Exercised (Nos.) | Exercise Price per Equity Share (including premium) | Money Realised (Rs.) | Total Shares Arising |
|---|---|---|---|---|
| 22-05-2023 (Grant 1) | 2,44,500 | Rs.5.00 (premium of Rs.3.00) | 12,22,500 | 2,44,500 |
| 23-05-2024 (Grant 2) | 4,12,500 | Rs.24.00 (premium of Rs.22.00) | 99,00,000 | 4,12,500 |
| Total | 6,57,000 | - | 1,11,22,500 | 6,57,000 |
Following the successful allotment of these shares, the paid-up capital of Suzlon Energy Ltd. stands at Rs.2743,06,79,518/- (Rupees Two Thousand Seven Hundred Forty Three Crores Six Lacs Seventy Nine Thousand Five Hundred Eighteen Only). This capital is now divided into 1371,53,39,759 (One Thousand Three Hundred Seventy One Crores Fifty Three Lacs Thirty Nine Thousand Seven Hundred Fifty Nine) fully paid-up equity shares, each having a face value of Rs.2/-.
SUZLON Stock Price Movement
Shares of Suzlon Energy Limited are edging higher to ₹45.57 as of 10:15 AM today, gaining 0.55% in live trading. The stock is attracting considerable investor interest, evidenced by a total volume of 35.47 million shares traded so far.Source:
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