Phoenix Mills Ltd allots 10555 Shares pursuant to the Phoenix Mills Employees' Stock Option Plant 2007

The Compensation Committee of the Board of Directors of the Company at its meeting held on September 12, 2016 (which concluded at 7:20 p.m.) has allotted 10,555 equity shares of Rs. 2/- each fully paid-up at an exercise price of Rs. 316.80/- per share to the employees upon exercise of stock options pursuant to the Phoenix Mills Employees Stock Option Plan 2007.

Consequent upon allotment of the above shares, the equity share capital of the Company stand increased from present level of 15,30,56,352 (Nos.) to 15,30,66,907 (Nos.) equity shares of Rs. 2/- each.

Shares of The Phoenix Mills Ltd was last trading in BSE at Rs.415 as compared to the previous close of Rs. 423.1. The total number of shares traded during the day was 321 in over 91 trades.

The stock hit an intraday high of Rs. 423 and intraday low of 412. The net turnover during the day was Rs. 133318.

Source : Equity Bulls

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