India Cements Ltd to grant 20 lakh options

The Board of Directors of India Cements Ltd at its meeting held on November 19, 2016 has approved, subject to the approval of the shareholders and other appropriate authorities, to grant 20,00,000 options under ESOS-2016 to select employees, as will be determined by the Compensation Committee of the Board entitling the grantees to subscribe for an aggregate of 20,00,000 Equity Shares of Rs.10/- each fully paid-up on payment of Rs. 50/- per share, including a premium of Rs. 40/- per share and other terms, in terms of SEBI (Share Based Employee Benefits), Regulations, 2014.

Shares of INDIA CEMENTS LTD. was last trading in BSE at Rs.114.35 as compared to the previous close of Rs. 114.3. The total number of shares traded during the day was 482062 in over 3099 trades.

The stock hit an intraday high of Rs. 117 and intraday low of 113.05. The net turnover during the day was Rs. 55306154.

Source : Equity Bulls

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