Under ESOS
Mahindra Lifespace Developers announced that the Board of Directors of the Company at its meeting held on 28 August 2015 has issued and allotted 4650 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 these allotments, the issued equity capital of the Company has increased from Rs. 41,05,58,510 to Rs. 41,06,05,010 and subscribed & paid up equity capital of the Company has increased from Rs. 41,01,50,000 to Rs. 41,01,96,500.
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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