WeWork India board approved allotment of 18,15,944 equity shares via exercise of employee stock options under two separate ESOP plans.
The company received a total exercise consideration of ₹7.42 crore from option holders for the share allotment.
Post-allotment, the company's paid-up equity share capital increased to ₹137.19 crore, comprising 13.72 crore shares.
The newly allotted shares will rank pari-passu with existing equity shares and the issuance is compliant with SEBI regulations.