Mahindra Lifespace Developers Ltd allots 2800 shares

The Board of Directors of Mahindra Lifespace Developers Ltd at its meeting held on April 30, 2015 has issued and allotted 2,500 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2006 (ESOS -2006), at an exercise price of Rs. 428/- per share.

The Board at the same meeting has issued and allotted 300 new fully paid-up Equity Shares of Rs. 10/- each to the Eligible Employees on the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs. 10/- per share.

Pursuant to these allotments, the issued equity capital of the Company has increased from Rs. 41,05,30,510 to Rs. 41,05,58,510 and subscribed & paid up equity capital of the Company has increased from Rs. 41,01,22,000 to Rs. 41,01,50,000.

The equity shares allotted as above shall, rank pari-passu with the existing equity shares of the Company and shall be entitled to such dividends and corporate benefits, if any, declared by the Company after the allotment.

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.475 as compared to the previous close of Rs. 465.55. The total number of shares traded during the day was 4159 in over 623 trades.

The stock hit an intraday high of Rs. 477 and intraday low of 465.5. The net turnover during the day was Rs. 1955950.

Source : Equity Bulls

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