Vishal Mega Mart Limited has disclosed the exercise of 5,00,000 stock options and subsequent allotment of equity shares under its Employees Stock Options Plan 2019.
Key Quantitative Figures
- Number of stock options exercised: 5,00,000
- Number of equity shares allotted: 5,00,000
- Face value per share: ₹10
- Exercise price per option: ₹35
- Premium per share: ₹25
- Money realized by exercise of options: ₹1,75,00,000
- Pre-allotment paid-up share capital: ₹46,84,30,86,390 (4,68,43,08,639 equity shares)
- Post-allotment paid-up share capital: ₹46,84,80,86,390 (4,68,48,08,639 equity shares)
- Distinctive numbers of shares allotted: 4684308640 to 4684808639 (both inclusive)
Parties Involved
- Issuing company: Vishal Mega Mart Limited
- Recipient: Eligible employee of the company's subsidiary
- Approving authority: Securities Allotment Committee of the Board of Directors
- Stock exchanges: National Stock Exchange of India Limited (NSE) and BSE Limited
Capital Structure Impact
The allotment has increased the total number of equity shares from 4,68,43,08,639 to 4,68,48,08,639 shares, representing a minimal dilution of approximately 0.011%.
Share Characteristics
The newly allotted equity shares will rank pari passu with existing equity shares in all respects, including dividend entitlement.
Additional Details
- Scheme name: Vishal Mega Mart Employees Stock Options Plan 2019
- No variation in terms of options
- No options lapsed in this transaction
- No lock-in restrictions on the allotted shares
- Diluted earnings per share impact will be disclosed in future financial results as per Regulation 33 requirements