Here is a filing regarding Allotment of Equity Shares to exercise of stock options under ESOP. Can someone shed some light on how it will affect the existing shareholders or minority shareholders of Indiabulls Housing Finance Ltd? Should the management seek rewards other than stock options? Why not just increase the pay or does the ESOP add skin in the game for the employees/stakeholders?
They have issued approximately 35.8 lakh shares to employees as ESOP. After allotment the number of shares of the company is approximately 49.60 + 24.62 crore shares. This amounts to approximately .5% of total shares outstanding.
Following is the calculation for your reference:
In [24]: 3579035 / (496032064 + 246226515)
Out[24]: 0.004821816953361209
In [25]: _ * 100
Out[25]: 0.4821816953361209
_
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