Dabur gives nod to share allotment to employees

The nomination and remuneration committee of Dabur India has approved the allotment of 1.5 lakh equity shares of face value ₹1 each to eligible employees of the company who exercised their stock options under the Dabur Employee Stock Option Scheme, 2000. Following the allotment, the paid-up share capital of the company increased to ₹175.65 crore. The committee also granted 44,000 fresh stock options to eligible employees of the company. However, the options will have a vesting period of one to four years and should be exercised within a period of three years after vesting of the same. The options also carry the right to apply for an equivalent number of equity shares of the company. Shares of Dabur India closed with a gain of 1.5 per cent at ₹235.45 on the NSE.