Tata Motors allots 54,496 ordinary shares under ESOP Scheme

11 Jan 2022 , 11:23 AM

Tata Motors has announced that the Allotment Committee of the Company has today approved allotment of 54,496 Ordinary Shares of face value of Rs2 each under the Scheme to the eligible employees pursuant to exercise of stock options at an exercise price of Rs345 per share.

Consequent to the aforesaid allotment, the paid-up Ordinary share capital of the Company stands increased from Rs6,641,582,035 divided into 3,320,552,265 Ordinary Shares of Rs2 each to Rs6,641,691,027 dividend into 3,320,606,761 Ordinary Shares of Rs2 each (considering amount of subscribed share capital plus shares forfeited less calls in arrears).

The aforesaid Ordinary Shares shall rank pari passu in all aspects with the existing Ordinary Shares of the Company.

At around 11:22 AM, Tata Motors was trading at Rs503.15 apiece down by Rs0.55 or 0.11% on the BSE.