Orient Bell Ltd approves allotment of 187200 Equity Shares

The Compensation Committee of Orient Bell Ltd has, in its meeting held on October 12, 2016, approved the further allotment of 1,87,200 equity shares of Rs. 10/- each fully paid up of the Company under the 'Orient Bell Employees Stock Option Scheme, 2013' ('ESOP Scheme') to the employees upon exercising of equal number of options granted and vested with them under the said scheme.

Consequent to the aforesaid allotment, subject to the necessary approvals of statutory bodies the paid up equity share capital of the Company will stand increase to Rs. 14,18,96,010 divided into 1,41,89,601 equity shares of Rs. 10/- each.

Shares of ORIENT BELL LIMITED was last trading in BSE at Rs.193 as compared to the previous close of Rs. 192.95. The total number of shares traded during the day was 1917 in over 52 trades.

The stock hit an intraday high of Rs. 199 and intraday low of 192.1. The net turnover during the day was Rs. 372087.

Source : Equity Bulls

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