NIIT Learning Systems Allots 140,668 Shares Under ESOP

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AuthorVihaan Mehta|Published at:
NIIT Learning Systems Allots 140,668 Shares Under ESOP
Overview

NIIT Learning Systems Limited has issued 140,668 new equity shares under its Employee Stock Option Plan 2023-0. Each share has a face value of Rs. 2. The company will apply to list these shares on stock exchanges shortly.

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NIIT Learning Systems Limited has allotted 140,668 equity shares on May 20, 2026, as part of its Employee Stock Option Plan 2023-0. Each share carries a face value of Rs. 2. The company is preparing to list these new shares on the stock exchanges and will file the necessary application soon.

This allotment increases the company's total outstanding equity share capital. NIIT Learning Systems uses such stock option plans as a common incentive to reward and retain employees, aligning their interests with shareholder value.

The next step involves the company applying to relevant stock exchanges for the listing and trading of these newly issued shares. Investors will be monitoring the timeline for this listing approval.

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