Tech Mahindra Ltd approves allotment of 80388 shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd on December 19, 2016 has passed resolution for issue and allotment of a total of 80388 equity shares of Rs. 5/- each of the Company to the applicants.

850 equity shares were allotted on exercise of stock options under ESOP 2006 and 8538 equity shares, on exercise of stock options under TML - ESOP B - 2013.

11000 equity shares were allotted on exercise of stock options under ESOP-2014 and 60000 equity shares, on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.473.55 as compared to the previous close of Rs. 477.15. The total number of shares traded during the day was 58963 in over 1760 trades.

The stock hit an intraday high of Rs. 475.6 and intraday low of 470.65. The net turnover during the day was Rs. 27904921.

Source : Equity Bulls

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