Akshata Sharma
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Drone manufacturer ideaForge has allotted an additional 95,954 stock options under its Employees Stock Option Plan scheme (ESOP), 2018
Consequent to the above allotment, the paid-up share capital of ideaForge has increased to INR 42.98 Cr from INR 42.89 Cr earlier.
Shares of ideaForge ended Friday's trading session 0.7% lower at INR 829 on the BSE. As per the last close, the newly allotted ESOPs are worth nearly INR 7.95 Cr.
This is the second instance of increment in ideaForge's ESOP pool size in less than a month. In June, the company announced the allotment of 1,678 stock options.
The development comes a day after ideaForge acquired an undisclosed amount of stake in Bengaluru-based spacetech startup GalaxEye Space for INR 8.28 Cr.
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