UTI Asset Management Company Limited — Others, 05-12-2024: ESOP/ESOS/ESPS

UTI Asset Management Company has announced a board meeting to discuss the allotment of 24,180 equity shares under the ‘UTI AMC Employee Stock Option Scheme – 2007’ following approval from its Nomination and Remuneration Committee. This exercise will increase the company's issued and paid-up share capital from ₹1,27,64.62 cr to ₹1,27,67.04 cr.

This share allotment could positively influence employee morale and retention, aligning their interests with shareholder value. Investors may see this as a sign of commitment to incentivizing talent, potentially enhancing long-term growth prospects.