Orient Cement Ltd approves ESOP

The Board of Directors of Orient Cement Ltd at its meeting held on May 08, 2015, has approved amending the period of contract signed with the Managing Director & CEO with regard to his re-appointment from 3 years to 5 years w.e.f. April 01, 2015.

The Board approved, subject to the approval of the shareholders, creating, offering, issuing and allotting stock options not exceeding 3000000 into equivalent equity shares of Rupee 1 each to the eligible employees as determined by the Nomination & Remuneration Committee under Company's Employees Stock Option Scheme.

Shares of Orient Cement Ltd was last trading in BSE at Rs.172.05 as compared to the previous close of Rs. 174.2. The total number of shares traded during the day was 32548 in over 320 trades.

The stock hit an intraday high of Rs. 177.3 and intraday low of 171.2. The net turnover during the day was Rs. 5698894.

Source : Equity Bulls

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