All the allotted equity shares will have equal standing in all aspects with the existing equity shares
UTI Asset Management Company (UTI AMC) has allotted 17,158 equity shares to employees. The decision comes from its Nomination and Remuneration Committee.
Each equity share holds a face value of Rs. 10. Furthermore, the newly allotted equity shares will have equal standing in all aspects with the existing equity shares. This allocation is a result of eligible employees exercising options under the ‘UTI AMC Stock Option Scheme – 2007,’ as stated in the company’s exchange filing.
Source: HR Katha
