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Metro Brands Ltd. ( (IN:METROBRAND) ) just unveiled an update.
Metro Brands Limited has allotted 25,250 equity shares of ₹5 each to eligible employees under its Metro Stock Option Plan, 2008, following the exercise of stock options granted earlier. As a result of this ESOP-related issuance, the company’s paid-up share capital has risen marginally from ₹1,36,21,69,955 to ₹1,36,22,96,205, corresponding to an increase in the total number of equity shares from 27,24,33,991 to 27,24,59,241; the company has clarified that this allotment is not material in nature but continues to underscore its ongoing use of equity-based incentives.
More about Metro Brands Ltd.
Metro Brands Limited is an Indian footwear retailer whose equity shares are listed on BSE and NSE. The company operates under a stock-based employee compensation framework, including the Metro Stock Option Plan, 2008 (ESOP 2008), as part of its broader capital and employee-incentive structure.
Average Trading Volume: 11,354
Technical Sentiment Signal: Sell
Current Market Cap: 301.4B INR
Learn more about METROBRAND stock on TipRanks’ Stock Analysis page.