Praj Industries Ltd approves allotment of 200000 Equity Shares

Pursuant to the provisions of the Praj Employee Stock Option Plan 2005, the option grantee has exercised 2,00,000 Stock grants equivalent to 2,00,000 Equity shares of face value Rs. 21- each of Praj Industries Ltd.

Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of the Company has allotted 2,00,000 Equity shares on February 10, 2017 at an exercise price of Rs.72.70 per Equity share to the option grantee in terms of Praj Employee Stock Option Plan 2005.

Consequently, the issued, subscribed and paid- up share capital of the Company stands increased to 179,017,436 Equity shares of Rs.2/- each.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.82.85 as compared to the previous close of Rs. 83.05. The total number of shares traded during the day was 94224 in over 777 trades.

The stock hit an intraday high of Rs. 84.35 and intraday low of 82.6. The net turnover during the day was Rs. 7856875.

Source : Equity Bulls

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