Praj Industries Ltd approves allotment of 265670 Equity Shares

Pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 2,65,670 Stock grants equivalent to 2,65,670 Equity shares of face value Rs. 2/- each of the Company.

Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of the Company has allotted 2,65,670 Equity shares on October 20, 2016 at an exercise price of Rs.55.75 per Equity share to the option grantees in terms of Praj Employee Stock Option Plan 2011.

Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to 178,644,426 Equity shares of Rs. 2/- each.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.86 as compared to the previous close of Rs. 84.8. The total number of shares traded during the day was 220449 in over 2005 trades.

The stock hit an intraday high of Rs. 87 and intraday low of 84.4. The net turnover during the day was Rs. 18953948.

Source : Equity Bulls

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