Tata Motors allots 23,529 equity shares under ESOP

Tata Motors has allotted 23,529 Ordinary Shares of the face value of Rs 2 each under the Scheme to the eligible employees pursuant to exercise of stock options at an exercise price of Rs 345 per share.

Consequent to the aforesaid allotment, the paid-up Ordinary share capital of the Company stands increased from Rs 6,64,30,10,915 divided into 3,32,12,66,705 Ordinary Shares of Rs 2 each to Rs 6,64,30,57,973 divided into 3,32,12,90,234 Ordinary Shares of Rs 2 each (considering the amount of subscribed share capital plus shares forfeited less calls in arrears).

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