Mahindra CIE Automotive Limited approves allotment Of 25,500 Equity Shares

The Allotment Committee of the Board of Directors of Mahindra CIE Automotive Limited vide its resolution passed today i.e. 9th March, 2017 issued and allotted 25,500 Equity Shares of face value of Rs. 10/- pursuant to exercise of options by the eligible employees under the Company's Employees' Stock Option Scheme, 2007. Consequent to the allotment the paid up capital of the Company is increased from Rs. 3,780,882,650/- to Rs. 3,781,137,650/-.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.205 as compared to the previous close of Rs. 202.05. The total number of shares traded during the day was 16573 in over 499 trades.

The stock hit an intraday high of Rs. 208 and intraday low of 201. The net turnover during the day was Rs. 3379012.

Source : Equity Bulls

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