Tata Communications Allots 16,749 Equity Shares Under Employee Stock Unit Plan 2023

Tata Communications Allots 16,749 Equity Shares Under Employee Stock Unit Plan 2023​

Tata Communications Ltd has completed the allotment of equity shares arising from its Employee Stock Unit Plan 2023. The company's Nomination and Remuneration Committee approved the issuance of 16,749 equity shares to eligible employees upon the exercise of their vested stock options under the plan.

The issuance details relate to the Tata Communications Limited - Employee Stock Unit Plan 2023. Prior to this allotment, the company had obtained in-principle approvals from BSE Limited and the National Stock Exchange of India Limited for the listing of equity shares generated by this plan, with approvals secured on August 31, 2023.

The Company confirmed that all equity shares allotted pursuant to the exercise of stock options will rank pari passu with existing equity shares. The allotment was finalized on June 13, 2026, and the issued shares carry a face value of ₹ 10/- each.

Capital Structure Update​

The allotment of these shares resulted in an increase in the issued, subscribed, and paid-up equity share capital of Tata Communications Ltd. The company's total equity capitalization shifted following this transaction.

The changes are detailed below:

Plan and Security Details​

The allotment under the Employee Stock Unit Plan 2023 pertains to Equity Shares with a face value of ₹ 10/- each. The shares were issued on June 13, 2026, through ESOP Allotment.

Key operational details regarding the issuance include:

• Shares Issued: 16,749 equity shares
• Par Value: ₹ 10/- per share
• Premium: Nil
• Total Shares After Issue: 28,50,16,749

The stock allotment is part of the ongoing commitment to employee benefits under the Employee Stock Unit Plan.

TATACOMM Stock Price Movement​

On Friday, Tata Communications Limited shares edged higher, closing at ₹1966.6 after gaining 0.05%. The stock traded on a volume of 281,125 shares during the session.