India, March 20 -- Beauty and fashion major Nykaa has allotted 1,01,350 equity shares under its employee stock option schemes (ESOP).

In an exchange filing today, the company said that the equity shares have been allotted pursuant to the exercise of vested stock options by the employees under ESOP schemes.

"The equity shares so allotted, shall rank pari-passu with the existing equity shares of the company in all respects," the filing said.

Shares of Nykaa ended today's trading session 1.8% higher at INR 167.80 apiece on the BSE. Based on the closing price, the newly allotted equity shares are worth over INR 1.70 Cr.

The company's market capitalisation currently stands at INR 47,976.56 Cr (about $5.56 Bn).

The development comes three ...