Magma Fincorp has informed that the Nomination and Remuneration Committee of the Board of Directors of the Company at its meeting held on 31 May 2021, has allotted 1009649 Equity Shares of face value of Rs 2 each at a exercise price of Rs 2, Rs 39.45 & Rs 60 per share to the eligible employees of the Company under Magma Employee Stock Option Plan 2007. Pursuant to this allotment, the issued, subscribed and paid-up equity share capital of the Company will stand increased to Rs 152,86,81,294 consisting of 76,43,40,647 Nos.
The above information is a part of company’s filings submitted to BSE.
