Ramco Systems Ltd approves allotment of 68569 equity shares

The Allotment Committee of the Board of Directors of Ramco Systems Ltd at its meeting held on January 29, 2016, has approved an allotment of 68,569 equity shares of Rs.10/- each, being the exercise of 44,900 equity stock options under the Employee Stock Option Scheme, 2008 (ESOS 2008), 1,714 equity stock options under the Employee Stock Option Scheme, 2009 - Plan A (ESOS 2009 - Plan A), 14,167 equity stock options under the Employee Stock Option Scheme, 2009 - Plan B (ESOS 2009 - Plan B) and 7,788 equity stock options under the Employee Stock Option Scheme, 2013. Consequent to this the paid up equity share capital has increased from 29,906,059 equity shares of Rs. 10/- each to 29,974,628 equity shares of Rs. 10/- each.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.645 as compared to the previous close of Rs. 610.1. The total number of shares traded during the day was 3579 in over 309 trades.

The stock hit an intraday high of Rs. 645 and intraday low of 620. The net turnover during the day was Rs. 2267645.

Source : Equity Bulls

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