Tejas Networks Limited — QIP/Rights/Pref., 02-08-2025: Allotment of Securities
02-08-2025 | 05:00 pm
02-08-2025 | 05:00 pm
Tejas Networks has allotted 43,516 new equity shares to eligible employees exercising their stock options. These shares were issued at exercise prices of ₹85/- for 11,550 shares and ₹10/- for the remaining 31,966 shares. This allotment brings in over ₹13 lakh to the company. Following this, the company's paid-up share capital has increased to ₹1,767.34 crore, divided into 17.67 crore equity shares. This move, while slightly diluting existing shareholders, helps align employee incentives with company growth.
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