Eros International Media approves issue of additional shares to employees

The Nomination & Remuneration Committee of Eros International Media Ltd vide its resolution passed on February 21, 2017 have approved the issue and allotment of 128,080 equity shares of Rs. 10/- each to the employees against exercise of stock options granted to them, in accordance with SEBI (ESOS & ESPS) Guidelines 1999 & Eros International Media Limited - Employee Stock Option Scheme 2009.

The Company have already received in-principle approval for listing of the equity shares against exercise of stock options. However, the Company shall file an application for listing of above shares on receipt of credit confirmation from CDSL and NSDL.

Shares of EROS INTERNATIONAL MEDIA LTD. was last trading in BSE at Rs.215.95 as compared to the previous close of Rs. 213.85. The total number of shares traded during the day was 168460 in over 3743 trades.

The stock hit an intraday high of Rs. 219.45 and intraday low of 208.45. The net turnover during the day was Rs. 36211404.

Source : Equity Bulls

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