Mamaearth Allots 3.59 Lakh Shares Under ESOP Scheme

The value of the newly allotted equity shares translated to INR 79.8 Cr as per the stock’s previous closing price of INR 222.10

Of these 3.59 Lakh equity shares, 3.57 Lakh shares were issued under ESOP 2018 while the remaining 2,259 shares were offered under ESOP 2021

Consequent to this allotment, the total paid-up equity share capital of the company will be increased to INR 325.18 Cr from INR 324.82 Cr

Honasa Consumer Ltd, the parent entity of Mamaearth and The Derma Co, have allotted 3.59 Lakh equity shares under…