Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Zinka Logistics Solutions Limited ( (IN:BLACKBUCK) ) just unveiled an announcement.
BlackBuck Limited has approved the allotment of 209,416 new equity shares with a face value of Re 1 each to identified employees upon the exercise of stock options granted under its Employee Stock Option Schemes of 2016 and 2019. Following this allotment, the company’s issued, subscribed and paid-up equity share capital will increase slightly from Rs 18.13 crore to Rs 18.15 crore, with the new shares ranking pari passu with existing equity shares, reflecting ongoing dilution from ESOPs but reinforcing its strategy to align employee interests with shareholder value.
More about Zinka Logistics Solutions Limited
BlackBuck Limited, formerly known as Zinka Logistics Solutions Limited, is a listed company in India operating through the National Stock Exchange of India and BSE. The company’s equity shares carry a face value of Re 1 each and are issued under various employee stock option schemes aimed at incentivising and retaining employees, signalling an emphasis on employee participation in ownership and long-term value creation.
Average Trading Volume: 100,682
Technical Sentiment Signal: Strong Sell
Current Market Cap: 97.51B INR
Learn more about BLACKBUCK stock on TipRanks’ Stock Analysis page.