Dabur India Ltd allots 2051750 shares & Grant of Stock options to employees of the Company

The Nomination and Remuneration Committee of Dabur India Ltd in its meeting held on September 21, 2015 has resolved and allotted 20,51,750 equity shares of face value of Rs. 1/- each to eligible employees of the Company who exercised their stock options under the Dabur Employee Stock Option Scheme, 2000. These shares rank pari pasu with the existing equity shares of the Company, in all respects.

With this allotment, the paid up share capital of the Company increased to Rs. 175,91,41,170/- divided into 175,91,41,170 equity shares of face value of Rs. 1/- each.

The Board also granted 10,800 fresh Stock Options under Dabur Employees Stock Option Scheme 2000 to the eligible employees of the Company/its subsidiaries. The above options have vesting period of 1 to 3 years. The said options shall be exercisable within a period of 3 years after vesting of the same. The said options carry the right to apply for equivalent number of equity shares of the Company.

Shares of DABUR INDIA LTD. was last trading in BSE at Rs.279.1 as compared to the previous close of Rs. 276.2. The total number of shares traded during the day was 39944 in over 1185 trades.

The stock hit an intraday high of Rs. 280.35 and intraday low of 273.7. The net turnover during the day was Rs. 11109410.

Source : Equity Bulls

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