India, March 7 -- Honasa Consumer Ltd, the parent entity of Mamaearth and The Derma Co, have allotted 3.59 Lakh equity shares under the employee stock option plan (ESOP).

The company's nomination and remuneration committee on March 6 approved the allotment of 3,59,604 equity shares having a face value of INR 10/- each as fully paid up upon exercise of vested options to identified employees, the company informed in an exchange filing.

Of these 3.59 Lakh equity shares, 3.57 Lakh shares were issued under ESOP 2018 while the remaining 2,259 shares were offered under ESOP 2021.

The value of the newly allotted equity shares translated to INR 79.8 Cr as per the stock's previous closing price of INR 222.10.

Consequent to this allotment, the t...