Essar Oil Ltd allots 607498 Shares

On July 28, 2015 Essar Oil Ltd has allotted 6,07,498 equity shares of face value of Rs. 10/- each to the Essar Oil Employee Stock Option Trust pursuant to the Essar Oil Limited Employees Stock Option Scheme - 2011 against an equal number of Options to enable eligible employees to exercise their Options that have vested at the end of 3rd year from the grant date.

In view of the above the paid-up capital of the Company has been increased to Rs. 14,50,12,43,980 divided into 145,01,24,398 equity shares of Rs. 10/- each.

Shares of ESSAR OIL LTD. was last trading in BSE at Rs.188.8 as compared to the previous close of Rs. 191.25. The total number of shares traded during the day was 103319 in over 1225 trades.

The stock hit an intraday high of Rs. 193.25 and intraday low of 188.05. The net turnover during the day was Rs. 19625915.

Source : Equity Bulls

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