Phoenix Mills Ltd allots 25000 shares

The Compensation Committee of the Board of Directors of Phoenix Mills Ltd in its meeting held on June 05, 2015 has allotted 25,000 equity shares of Rs. 2/- each fully paid-up at an exercise price of Rs. 270/- per share to the employees upon exercise of stock options pursuant to the Phoenix Mills Employees Stock Option Plan 2007 of the Company.

Consequent upon allotment of the above shares, the equity share capital of the Company stand increased from present level of 144,971,945 (Nos.) to 144,996,945(Nos.) equity shares of Rs. 2/- each.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.355.1 as compared to the previous close of Rs. 358.75. The total number of shares traded during the day was 526 in over 85 trades.

The stock hit an intraday high of Rs. 365 and intraday low of 355. The net turnover during the day was Rs. 189474.

Source : Equity Bulls

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