Comments
Shares of Tata Motors gained 0.35 per cent to ₹716 on the BSE at 11.27 am on Saturday, after the company allotted 64,319 new ordinary shares to its employees under an existing employee stock option plan (ESOP). This allotment was approved by the company’s Allotment Committee on January 31, 2025.
According to its exchange filing, the shares, with a face value of ₹2 each, were issued upon the exercise of 55,435 Performance Share Units at an exercise price of ₹2 per share and 8,884 Stock Options at an exercise price of ₹338 per share.
This allotment has increased the company’s paid-up share capital from ₹7,36,27,27,297 (comprising 3,68,11,24,896 ordinary shares) to ₹7,36,28,55,935 (comprising 3,68,11,89,215 ordinary shares).
The newly issued shares will rank equally with the company’s existing ordinary shares in all respects.
The stock hit a 52-week ₹1,179.05 on July 30,2024 and a low of ₹684.25 on January 30, 2025.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.