Under ESOS
Mahindra Lifespace Developers announced that the Share Allotment Committee of the Board at its meeting held on 26 March 2014 have issued and allotted 3900 new fully paid-up equity shares of Rs 10 each to the eligible employees on the exercise of options granted under Employee Stock Options Scheme 2012 (ESOS -2012), at an exercise price of Rs 10 per share.Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 40,88,53,010 to 40,88,92,010 and subscribed & paid up equity capital of the Company has increased from Rs. 40,84,44,500 to 40,84,83,500.
The equity shares allotted as above shall, rank pari-passu with the existing equity shares of the Company and shall be entitled to such dividends and corporate benefits, if any, declared by the Company after the allotment.
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