Nippon Life India Asset Management Limited — Others, 13-02-2025: ESOP/ESOS/ESPS

Nippon Life India Asset Management Limited has announced a board meeting for the allotment of equity shares under its Employee Stock Option Plans (ESOP) 2017 and 2019. The company approved the allotment of 78,211 shares under ESOP 2017 at a grant price of ₹256.10, raising approximately ₹20.03 crore. Additionally, 35,353 shares were allotted under ESOP 2019 at various prices, totaling around ₹2.90 crore. Post-allotment, the paid-up equity share capital increases to ₹633.85 crore. This development may enhance employee motivation and align their interests with shareholders, potentially supporting a positive outlook on the stock.