Sterlite Tech allots 1,62,202 equity shares under ESOP; Stock under pressure

17 Jan 2022 , 01:25 PM

Sterlite Technologies Ltd has informed that the Authorization and Allotment Committee of the Board of Directors of the Company at its meeting held on January 17, 2022 has allotted 1,62,202 equity shares to those grantees who had exercised their options under the Company’s Employee Stock Option Scheme — 2010.

“We hereby confirm that the aforesaid shares will rank pari passu with the existing shares of the Company in all respects,” siad Company in a regulatory filing on Monday.

Post allotment the Share Capital of the Company is as under:

Existing Share Capital (no.) is 397,484,169 and Post Allotment share capital (no.) 397,646,371.

The Company is set to announce its financial results on January 19, 2022.

At around 1:26 PM, Sterlite Technologies was trading at Rs272.95 per piece down by Rs1.15 or 0.42% on the BSE.