Tata Motors’ stock rose by 0.35% to ₹716 on the BSE at 11.27 am on Saturday, following the company’s allocation of 64,319 new ordinary shares to its employees as part of an existing employee stock option plan (ESOP). The Allotment Committee approved this allocation on January 31, 2025.
The newly issued shares, with a face value of ₹2 each, were granted upon the exercise of 55,435 Performance Share Units at an exercise price of ₹2 per share and 8,884 Stock Options at an exercise price of ₹338 per share.
This allotment increased the company’s paid-up share capital from ₹7,36,27,27,297 (comprising 3,68,11,24,896 ordinary shares) to ₹7,36,28,55,935 (comprising 3,68,11,89,215 ordinary shares).
The newly issued shares will have equal standing with the company’s existing ordinary shares in all aspects.
Tata Motors’ stock reached a 52-week high of ₹1,179.05 on July 30, 2024, and a low of ₹684.25 on January 30, 2025.
In related news, Railway stocks like Titagarh, RVNL, RailTel, IRFC shares have gained momentum ahead of the Budget.
Published on February 1, 2025.
