Steel Strips Wheels Ltd allots 53375 Equity Shares

The Board of Directors of Steel Strips Wheels Ltd at its meeting held on July 02, 2016 has approved an allotment of 53375 Equity shares Rs.10/- each for cash, at an exercise price of Rs. 100/- per share to the employees of the Company upon exercise of their options under "ESOS 2014" Employee Stock Option Scheme of the Company.

The paid up Equity share capital of the Company will accordingly increase from Rs. 154686950/- to Rs. 155220700/-.

Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.471.95 as compared to the previous close of Rs. 456.95. The total number of shares traded during the day was 14180 in over 513 trades.

The stock hit an intraday high of Rs. 476 and intraday low of 460. The net turnover during the day was Rs. 6639262.

Source : Equity Bulls

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