📄 In Detail:
On March 24, 2025, the Allotment Committee of Nippon Life India Asset Management Limited (NAM India) convened and approved the issuance of 1,01,956 equity shares under its Employee Stock Option Plans (ESOP) 2017 & 2019. This decision aligns with Regulation 30 of the SEBI (LODR) Regulations, 2015.
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Under NAM INDIA ESOP 2017, a total of 97,136 equity shares were allotted at grant prices of ₹256.10 and ₹202.50, collecting ₹1.83 crore and ₹51.82 lakh respectively.
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Under NAM INDIA ESOP 2019, 4,820 shares were allotted at prices of ₹247.60 and ₹372.71, raising ₹11.36 lakh and ₹85,723 respectively.
Following this, the Paid-Up Equity Share Capital of NAM India increased from 63,46,00,676 shares to 63,47,02,632 shares, amounting to ₹634.7 crore.
The newly allotted shares will enjoy pari passu status, i.e., equal rights with existing shares in all respects.
🔹 In Detail Points:
• 🗓️ Date of Allotment: March 24, 2025
• 📈 Total Shares Allotted: 1,01,956 equity shares
• 🧑💼 Under ESOP 2017: 97,136 shares
• 💵 Grant Price: ₹256.10 (71,543 shares), ₹202.50 (25,593 shares)
• 💰 Amount Received: ₹1.83 Cr + ₹51.82 Lakh
• 🧑💼 Under ESOP 2019: 4,820 shares
• 💵 Grant Price: ₹247.60 (4,590 shares), ₹372.71 (230 shares)
• 💰 Amount Received: ₹11.36 Lakh + ₹85,723
• 💹 New Paid-Up Capital: ₹634.70 Cr (63,47,02,632 shares)
• ✅ Shares Rank: Pari Passu with existing shares
📈 Effect on Share Market:
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🔸 Neutral to Slightly Positive Impact: As ESOPs are standard practice, the increase in share capital is minimal (~0.16% dilution), indicating limited impact on EPS.
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🟢 Investor Confidence: Continued employee stock allotments reflect management’s commitment to talent retention and growth.
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🔄 Liquidity Impact: Enhanced float, albeit marginal, could slightly improve liquidity.
🏢 About the Company:
Nippon Life India Asset Management Limited (NAM India), formerly Reliance Nippon Life Asset Management, is one of India’s largest asset managers, providing mutual funds, PMS, and retirement solutions. Backed by Nippon Life Insurance (Japan), the company boasts strong AUM growth and extensive distribution networks across India.
🟢”Did you know? Nippon Life owns over 70% stake in NAM India!”
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
