Oberoi Realty Ltd approves allotment of 477 shares pursuant to the exercise of stock options

Oberoi Realty Ltd has announced the allotment of shares pursuant to the exercise of stock options. The Board vide a resolution passed by circulation on December 20, 2016 have allotted 477 equity shares of Rs. 10 each to certain option guarantee pursuant to exercise by him of the options granted to him under the company's employee stock option scheme 2009 (ESOP 2009). The exercise price for the said options is Rs. 260 per share.

Post the aforesaid allotment, the equity share capital of the company stands increased to 33,94,17,110 equity shares of Rs. 10 each aggregating to Rs. 3,39,41,71,100.

Shares of OBEROI REALTY LTD. was last trading in BSE at Rs.304 as compared to the previous close of Rs. 310.75. The total number of shares traded during the day was 2439 in over 158 trades.

The stock hit an intraday high of Rs. 315.85 and intraday low of 304. The net turnover during the day was Rs. 759184.

Source : Equity Bulls

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