📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Avantel Limited Allots 1.91 Lakh Equity Shares Under ESOP 2023
Avantel Limited has allotted 1,91,140 equity shares to eligible employees following the exercise of options under the Avantel Employees Stock Option Plan 2023. The shares, with a face value of Rs. 2 each, were issued at an exercise price of Rs. 50 per share. This allotment has marginally increased the company's paid-up equity share capital from 26.54 crore shares to 26.56 crore shares. Such allotments are standard practice for employee retention and result in negligible equity dilution.
Key Highlights
Allotment of 1,91,140 equity shares of face value Rs. 2 each on January 28, 2026
Exercise price fixed at Rs. 50 per share, including a premium of Rs. 48
Total paid-up capital increased to Rs. 53,13,16,140 from Rs. 53,09,33,860
Total number of issued shares post-allotment stands at 26,56,58,070
Equity dilution resulting from this allotment is approximately 0.07%
💼 Action for Investors
No action is required as the equity dilution is minimal and the allotment is part of a routine employee incentive scheme. Investors should remain focused on the company's operational performance in the defense and telecom sectors.