CG Power allots equity shares under ESOP 2021

CG Power and Industrial Solutions announced the allotment of 41,200 equity shares to eligible employees under its ESOP 2021. The shares, with a face value of INR2 each, were fully paid up at an exercise price of INR454.40 per share. Following this allotment, the company's paid-up equity share capital has increased from INR3,05,80,75,368 to INR3,05,81,57,768, comprising 1,52,90,78,884 equity shares with a face value of INR2 each. The newly allotted shares rank pari-passu with the existing equity shares of the company. The company communicated the news to the BSE under the stock code CGPOWER.