UTC AMC Allots Equity Shares To Employees As ESOP

UTC AMC Allots Equity Shares To Employees As ESOP

The face value of the equity shares is Rs 10 each.

FPJ Web DeskUpdated: Tuesday, August 22, 2023, 01:29 PM IST
article-image
UTI AMC Allots Equity Shares To Employees As ESOPs | Image: UTI Mutual Fund (Representative)

UTI Asset Management Company Limited on Tuesday announced that the Nomination and Remuneration Committee of Company has approved the allotment of 500 equity shares of face value of Rs 10 each on pursuant to the exercise of options by an eligible employee under UTI AMC Employee Stock Option Scheme 2007, the company announced through an exchange filing.

The face value of the equity shares is Rs 10 each.

Post the allotment, the issued and paid-up share capital of the Company shall be increased from Rs 1,26,98,65,290 (12,69,86,529 equity shares of face value of Rs 10 each) to Rs 1,26,98,70,290 (12,69,87,029 equity shares of face value of Rs 10 each).

The new equity shares shall rank pari-passu in all respects with the existing equity share capital.

UTI Asset Management Company Limited shares

The shares of UTI Asset Management Company on Tuesday at 1:26 pm IST were at Rs 740.20, up by 0.19 percent.

RECENT STORIES

Reliance Jio Network Down In Mumbai And Other Cities, Users Report No Signal

Reliance Jio Network Down In Mumbai And Other Cities, Users Report No Signal

Adani Enterprises Announces ₹1,000 Crore NCD Issue Offering Up To 9.3%

Adani Enterprises Announces ₹1,000 Crore NCD Issue Offering Up To 9.3%

Gaja Capital Plans IPO, Files Draft Papers With Sebi

Gaja Capital Plans IPO, Files Draft Papers With Sebi

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

At BRICS Meet, FM Nirmala Sitharaman Holds Bilateral Talks With China, Russia, Brazil, And Indonesia

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes

New Aadhaar Rules Announced, Check Updated Document List For Enrolment & Changes