Ather Energy has allotted 433,842 equity shares to employees under its Employee Stock Ownership Plan, increasing its paid-up share capital. The exercise of these stock options, valued at approximately Rs 31.1 crore based on the closing price, is a common practice for startups to retain talent. This move follows a previous issuance of stock options in September and comes as Ather Energy solidifies its position as a leading electric two-wheeler manufacturer in India, reporting increased revenue and narrowed losses for the September quarter.