Astec Lifesciences Limited allots 9000 shares

The Compensation Committee of the Board of Directors of Astec Lifesciences Limited at its Meeting held today, i.e. on 25th March, 2017, has allotted 9,000 Equity Shares of Face Value Rs.10/- each to the employees of the Company upon exercise of 9,000 Options granted to them, at an exercise price of Rs.34/- (Rupees Thirty Four Only) per Equity Share. i.e. money realized by the Company upon exercise of the said Options is Rs.3,06,000/- (Three Lac Six Thousand Only) [9,000 Options @ Rs.34/- per Option], under Astec Employee Stock Options Plan, 2012, as fully paid-up.

The above 9,000 (Nine Thousand) Equity Shares would rank pari passu with the existing Equity Shares of the Company in all respects including dividend entitlement. With this allotment the total paid-up capital of the Company stands at Rs.19,51,28,550/- (Rupees Nineteen Crore Fifty One Lac Twenty Eight Thousand Five Hundred Fifty Only) (divided into 1,95,12,855 Equity Shares of Rs.10/- each).

Shares of ASTEC LIFESCIENCES LIMITED was last trading in BSE at Rs.602.45 as compared to the previous close of Rs. 602.4. The total number of shares traded during the day was 58044 in over 380 trades.

The stock hit an intraday high of Rs. 615 and intraday low of 602. The net turnover during the day was Rs. 34997835.

Source : Equity Bulls

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