UTI Asset Management Company Allots Equity Shares To Employees As Stock Options

UTI Asset Management Company Allots Equity Shares To Employees As Stock Options

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

FPJ Web DeskUpdated: Thursday, December 07, 2023, 12:48 PM IST
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UTI Asset Management Company Allots Equity Shares To Employees As Stock Options | Image: UTI Mutual Fund (Representative)

UTI Asset Management Company Limited on Thursday announced that the Nomination and Remuneration Committee of UTI Asset Management Company Limited has approved the allotment of 9,427 equity shares of face value of Rs 10 each pursuant to the exercise of options by the eligible employees 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 1,27,01,33,410 (12,70,13,341 equity shares of face value of Rs 10 each) to Rs 1,27,02,27,680 (12,70,22,768 equity shares of face value of Rs 10 each).

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

UTI Asset Management Company Limited shares

The shares of UTI Asset Management Company Limited on Thursday at 12:41 pm IST were trading at Rs 835.05, down by 0.55 percent.

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