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Avalon Technologies Increases Paid-Up Capital Through ESOP Allotment

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Avalon Technologies Increases Paid-Up Capital Through ESOP Allotment

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An announcement from Avalon Technologies Limited ( (IN:AVALON) ) is now available.

Avalon Technologies Limited has announced the allotment of 20,088 equity shares to its employees following the exercise of Employee Stock Options under the ‘AVALON – Employee Stock Option Plan 2022’. This allotment has increased the company’s paid-up capital from INR 13,34,27,882 to INR 13,34,68,058. The move reflects the company’s commitment to employee incentives and may enhance employee satisfaction and retention, potentially impacting its operational efficiency and market position positively.

More about Avalon Technologies Limited

Average Trading Volume: 41,930

Technical Sentiment Signal: Buy

Current Market Cap: 76.83B INR

Find detailed analytics on AVALON stock on TipRanks’ Stock Analysis page.

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