Tech Mahindra Ltd allots 77604 shares

Tech Mahindra Ltd has announced about the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on February 25, 2016 for issue and allotment of a total of 77604 equity shares of Rs. 5/- each of the Company to the applicants.

2900 equity shares were allotted on exercise of stock options under ESOP 2000 and 41400 equity shares, on exercise of stock options under ESOP 2006.

10000 equity shares were allotted on exercise of stock options under ESOP 2010 and 17356 equity shares, on exercise of stock options under TML - ESOP B - 2013. 5948 equity shares were allotted on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.416 as compared to the previous close of Rs. 421.35. The total number of shares traded during the day was 91882 in over 3432 trades.

The stock hit an intraday high of Rs. 423.5 and intraday low of 411. The net turnover during the day was Rs. 38163652.

Source : Equity Bulls

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