Tata Consumer Products Allots Shares Under ESOP Incentive Scheme

Tata Consumer Products Limited ( (IN:TATACONSUM) ) just unveiled an update.

Tata Consumer Products has marginally increased its paid-up equity share capital through the allotment of 3,824 fully paid equity shares of face value Re. 1 each, following the exercise of employee stock options under its TCPL Share Based Long Term Incentive Scheme 2021. With this issue, which will rank pari passu with existing equity shares, the company reinforces its long-term incentive framework for employees while causing only a negligible dilution for shareholders, and has notified the stock exchanges in compliance with SEBI regulations.

More about Tata Consumer Products Limited

Tata Consumer Products Limited is a fast-moving consumer goods company focused on food and beverage brands, including tea, coffee and packaged foods, with a strong presence in the Indian market and growing international operations. It is part of the Tata Group and its shares are listed on major Indian stock exchanges, including NSE, BSE and the Calcutta Stock Exchange.

Average Trading Volume: 48,916

Technical Sentiment Signal: Hold

Current Market Cap: 1046.4B INR

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