CG Power Allots 10,000 Equity Shares Under ESOP 2021
CG Power and Industrial Solutions Limited allots 10,000 shares under ESOP 2021 at ₹156.20 per share, increasing paid-up equity capital to ₹3,14,97,55,218.
CG Power and Industrial Solutions Limited has allotted 10,000 equity shares under its Employee Stock Option Plan 2021 (ESOP 2021). The shares, each with a face value of ₹2 and an exercise price of ₹156.20, were allotted to eligible employees who exercised their stock options.
The newly allotted shares will rank pari-passu with existing equity shares, ensuring full rights and benefits for the employees. Following this allotment, the company’s paid-up equity capital has increased from ₹3,14,97,35,218 to ₹3,14,97,55,218, comprising 1,57,48,77,609 equity shares.
This move reflects CG Power’s commitment to employee wealth creation and retention, leveraging the ESOP mechanism to incentivize and reward its workforce.