Nazara Tech board allots 1,00,468 equity shares under ESOP; Stock marginally down

29 Apr 2022 , 10:13 AM

Nazara Technologies Limited has informed that the Nomination, Remuneration and Compensation Committee of Board of Directors of the Company on April 27, 2022, approved the allotment of 1,00,460 equity shares of Rs. 4/- each at an exercise price of Rs. 282.91 per Equity Share aggregating to Rs. 2,84,21,138.60/- to the option holders who have exercised their stock options under ESOP 2017. The said shares shall rank pari passu in all respects with the existing equity shares of the Company.

Consequent to the allotment of the aforesaid equity shares, the paid-up equity share capital of the Company shall stand increased from Rs.13,09,27,376/- consisting of 3,27,31,844 Equity Shares of Rs. 4/- each to Rs.13,13,29,216/- consisting of 3,28,32,304 Equity shares of Rs. 4/- each.

At around 10:16 AM, Nazara Tech was trading at Rs1557.05 per piece lower by 0.29% on the BSE.