The Tata Motors Limited Employees Stock Option Scheme 2018 has allocated 4,55,218 ordinary shares at a face value of Rs 2 each

6 Sep 2023 , 01:45 PM

We would like to draw your attention to a number of correspondences about the scheme that is referenced in the heading and the in-principle clearance that was given by the National Stock Exchange of India Limited and BSE Limited in letters dated October 11 and November 29, respectively, in 2018.

In this regard, we would like to inform you that on September 4, 2023, the Company’s Allotment Committee approved the allocation of 4,55,218 Ordinary Shares with a face value of 2 to eligible employees in accordance with the Scheme at an exercise price of 345 per share.

The paid-up Ordinary share capital of the Company increased as a result of the aforementioned allotment from 6,64,42,01,069 divided into 3,32,18,61,782 Ordinary Shares of 2 each to 6,64,51,11,505 divided into 3,32,23,17,000 Ordinary Shares of 2 each (taking into account the amount of subscribed share capital plus shares forfeited less calls in arrears).

The aforementioned Ordinary Shares will rank on an equal footing with the Company’s current Ordinary Shares in all respects.

The exchanges are kindly asked to include the aforementioned disclosure in their records.

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