Hero MotoCorp Ltd allots 2588 shares

The Nomination and Remuneration Committee of Hero MotoCorp Ltd at its meeting held on March 28, 2016 has approved the allotment of 2,588 Equity Shares of face value of Rs. 2/- each to the Option Grantees, pursuant to the exercise of Stock Options granted under the Company's Employee Stock Option Plan 2014 formed in accordance with Employee Incentive Scheme 2014.

Further, post the said allotment, the Equity Share Capital of the Company stands increased to 199,690,088 equity shares of Rs. 2/- each aggregating to Rs. 399,380,176/-.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.2848.2 as compared to the previous close of Rs. 2870.35. The total number of shares traded during the day was 25052 in over 2913 trades.

The stock hit an intraday high of Rs. 2878.5 and intraday low of 2832.2. The net turnover during the day was Rs. 71450507.

Source : Equity Bulls

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