Each of the allotted share will have a face value of Rs 10
Through an exchange filing, Indigo Paints, an India-based paint manufacturing company, has issued 19,740 equity shares to its employees. The allotment is a part of the company’s Employee Stock Option Scheme 2019. The decision was passed by its Nomination and Remuneration Committee.
The equity shares (as per the employee stock scheme) will hold the value as the company’s current equity shares. Each share will hold a nominal value of Rs 10.
Source: HR Katha
