Kirloskar Oil Engines Allots 32,268 Equity Shares To Employees As Stock Options

Kirloskar Oil Engines Allots 32,268 Equity Shares To Employees As Stock Options

The face value of the equity shares will be Rs 2 each.

FPJ Web DeskUpdated: Thursday, August 10, 2023, 12:22 PM IST
Kirloskar Oil Engines Allots 32,268 Equity Shares To Employees As Stock Options
Kirloskar Oil Engines Allots 32,268 Equity Shares To Employees As Stock Options | Image: Kirloskar (Representative)

Kirloskar Oil Engines on Thursday allotted 32,268 fully paid‐up Equity Shares of Rs 2 each upon exercise of Employee Stock Options pursuant to ‘Kirloskar Oil Engines Limited – Employee Stock Option Plan 2019, the company announced through an exchange filing.

The face value of the equity shares will be Rs 2 each.

With this allotment, the Issued and Subscribed Capital increases from 14,48,37,759 equity shares of Rs 2 each aggregating to Rs 28,96,75,518 to 14,48,70,027 equity shares of Rs 2 each aggregating to Rs 28,97,40,054.

The paid up capital increased from 14,48,37,294 fully paid‐up equity shares of Rs 2 each aggregating to  Rs 28,96,74,588.

Kirloskar Oil Engines shares

The shares of Kirloskar Oil Engines on Thursday at 12:16 pm IST were at Rs 444.65, down by 0.21 percent.