KPIT Technologies Ltd allots 129993 shares

The Board of Directors of KPIT Technologies Ltd at its meeting held on April 28, 2015, has allotted 129,993 equity shares of Rs. 2/- each as fully paid up, under the employees stock option schemes of the Company. On such allotment, the paid up share capital of the Company stands increased to Rs. 393,794,428/- divided into 196,897,214 equity shares of Rs. 2/- each fully paid up.

The Board formulated a new employees stock option scheme, subject to the approval of the members, for issue of stock options giving the right to the option holders to subscribe to a maximum of 2,500,000 equity shares of the Company. A more detailed investor communication on the proposed stock option scheme is enclosed.

Shares of KPIT Technologies Limited was last trading in BSE at Rs.124.05 as compared to the previous close of Rs. 155.05. The total number of shares traded during the day was 523130 in over 7594 trades.

The stock hit an intraday high of Rs. 138 and intraday low of 124.05. The net turnover during the day was Rs. 66739607.

Source : Equity Bulls

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