India, Aug. 13 -- Drone manufacturer ideaForge has allotted 38,946 equity shares for the exercise of vested stock options under its employee stock option plan (ESOP) 2018.

". the executive committee of the board of the ideaForge Technology Limited on August 13, 2024, has approved the allotment of 38,946 equity shares having a face value of Rs. 10/- each towards the exercise of vested stock options under the ideaForge Employees Stock Option Scheme, 2018," the startup said in an exchange filing.

Shares of ideaForge ended Tuesday's trading session 1.4% lower at INR 680.2 on the BSE.

Following the allotment of these shares, the startup's paid-up capital has increased to INR 43.02 Cr from INR 42.98 Cr earlier. The drone major has set the ex...