Tata Motors Passenger Vehicles Limited grants shares to employees under its incentive scheme Back
<p>Tata Motors Passenger Vehicles Limited, formerly Tata Motors Limited, announced that its Allotment Committee approved the allotment of 1,00,596 equity shares of Rs 2 each fully paid up under the Tata Motors Passenger Vehicles Limited Share-based Long Term Incentive Scheme 2021 to eligible employees, following the exercise of 1,00,596 Performance Share Units at an exercise price of Rs 2 per share. Consequently, the company's paid-up equity share capital increased from Rs 7,36,62,60,593 divided into 3,68,28,91,544 equity shares to Rs 7,36,64,61,785 divided into 3,68,29,92,140 equity shares.</p>