Kirloskar Oil Engines Allots 32,268 Equity Shares Through ESOPs
In accordance with the ‘Kirloskar Oil Engines Limited - Employee Stock Option Plan 2019,’ Kirloskar Oil Engines on Thursday allocated 32,268 fully paid-up Equity Shares worth Rs 2 apiece to employees who exercised their stock options.
Each equity share will have a face value of Rs 2.
The Issued and Subscribed Capital rises with this allotment from 14,48,37,759 equity shares of Rs 2 each, totaling Rs 28,96,75,518 to 14,48,70,027 equity shares of Rs 2 each, totaling Rs 28,97,40,054.
From 14,48,37,294 fully paid-up equity shares worth Rs 2 each, the paid-up capital increased to Rs 28,96,74,588.
On August 10, shares of Kirloskar Oil Engines were valued at Rs 444.65 on a larger scale of the market. It's important to note that this valuation reflects a slight decrease of 0.21 percent from the previous valuation. The ebb and flow of market dynamics and investor mood are captured in this dynamic.
