Description
NSE announces listing of further equity shares issued under ESOP by 13 companies including Axis Bank, HDFC Life, Tech Mahindra, Wipro, and Yes Bank, effective December 22, 2025.
Summary
NSE has admitted further equity shares of 13 companies to trading on the Capital Market segment effective December 22, 2025. All shares were allotted under Employee Stock Option Plans (ESOP) between November 13, 2025 and December 17, 2025. The shares are pari passu with existing equity shares and have no lock-in restrictions.
Key Points
- Axis Bank Limited: 245,902 equity shares of Rs. 2/- each allotted on December 16, 2025
- Fedbank Financial Services Limited: 6,088 equity shares of Rs. 10/- each allotted on December 15, 2025
- HDFC Life Insurance Company Limited: 769,885 equity shares of Rs. 10/- each allotted on December 17, 2025
- IRIS RegTech Solutions Limited: 10,000 equity shares of Rs. 10/- each allotted on November 13, 2025
- FSN E-Commerce Ventures Limited (Nykaa): 259,450 equity shares of Re. 1/- each allotted on December 13, 2025
- Tech Mahindra Limited: Details partially provided in circular
- Additional companies: Wipro Limited, Yes Bank Limited, Zota Health Care Limited, DJ Mediaprint & Logistics Limited, Indo Thai Securities Limited, Indowind Energy Limited, and Jash Engineering Limited
- Market lot size: 1 share for all securities
- All shares are pari passu with existing equity shares
- No lock-in period applicable
Regulatory Changes
No regulatory changes introduced. This circular is issued in pursuance of existing regulations:
- Regulation 3.1.1 of NSE (Capital Market) Trading Regulations Part A
- Regulation 2.5.5 of NSE (Capital Market) Trading Regulations Part A
Compliance Requirements
- Trading members must use designated security codes for trading these securities
- Securities to be traded in specified lot sizes (market lot of 1 share)
- Trading permitted from December 22, 2025 onwards
Important Dates
- Circular Date: December 19, 2025
- Effective Date: December 22, 2025
- Allotment Dates: Between November 13, 2025 and December 17, 2025 (varies by company)
Impact Assessment
Market Impact: Minimal. These are routine ESOP allotments representing small percentages of total outstanding shares for each company. The shares are immediately tradable with no lock-in restrictions.
Operational Impact: Standard operational update for trading members to update security master data with new distinctive number ranges and increased share counts.
Investor Impact: Marginal dilution for existing shareholders. ESOP allotments are expected corporate actions that align employee and shareholder interests.
Impact Justification
Routine listing of ESOP-allotted shares with no lock-in restrictions. Minor increase in share count across multiple companies with no material market impact.