Ramco Systems Ltd allots 214327 shares

The Allotment Committee of the Board of Directors of the Company at its meeting held on December 22, 2016 has approved an allotment of 214,327 equity shares of Rs. 10/- each, being the exercise of 68,466 equity stock options under the Employee Stock Option Scheme, 2009 - Plan A, (ESOS 2009 - Plan A), 79,730 equity stock options under the Employee Stock Option Scheme, 2009 - Plan B (ESOS 2009 - Plan B) and 66,131 equity stock options under the Employee Stock Option Scheme, 2013 (ESOS 2013).

The allotment includes allotment of 66,966 equity shares under ESOS 2009 - Plan A, 35,312 equity shares under ESOS 2009 - Plan B and 20,626 equity shares under ESOS 2013, aggregating to 122,904 equity shares to Shri A V Dharmakrishnan, Non-Executive Director. Consequent to this the paid up equity share capital has increased from 30,129,353 equity shares of Rs. 10/- each to 30,343,680 equity shares of Rs. 10/- each.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.343.9 as compared to the previous close of Rs. 361.2. The total number of shares traded during the day was 63691 in over 2316 trades.

The stock hit an intraday high of Rs. 360.75 and intraday low of 340.1. The net turnover during the day was Rs. 22342479.

Source : Equity Bulls

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