Nippon Life India Asset Management expands equity with employee share allotments

Nippon Life India Asset Management Limited announced on December 22, 2025, the allotment of 57,261 new equity shares, each with a face value of Rs. 10. These allotments were made under three distinct employee schemes: NAM INDIA ESOP 2017, NAM INDIA ESOP 2019, and NAM INDIA PSU 2023.

Specifically, 19,827 shares were allotted under NAM INDIA ESOP 2017 at a grant price of Rs. 202.50 per share, totaling Rs. 40,14,967.50. Another 35,515 shares were distributed under NAM INDIA ESOP 2019, with various grant prices, totaling Rs. 5,18,325.72 for 2,321 shares at Rs. 223.32 each, and Rs. 3,37,974.00 for 1,365 shares at Rs. 247.60 each. Additionally, 1,919 shares were allotted under NAM INDIA PSU 2023 at a grant price of Rs. 10 per share, bringing in Rs. 19,190.00.

Following these allotments, the company's total issued, subscribed, and paid-up equity share capital has increased to 63,70,91,750 equity shares, each with a face value of Rs. 10, effective December 22, 2025. This expansion in capital implies a total value of Rs. 6,37,09,17,500. All newly allotted shares will rank pari passu with the existing equity shares of the company.