Vascon Engineers Ltd approves allotment of 6323470 Equity Shares Under ESOP Scheme

The Directors of Vascon Engineers Ltd through Circular Resolution dated 31st March, 2017 allotted 63,23,470 shares of Rs. 20 each pursuant to exercise option granted and vested to eligible employees under ESOP 2015 of the Company. The Equity Shares allotted above shall have no lock in period.

These shares shall rank pari-passu with the existing equity shares of the Company and shall be entitled to dividend and other corporate benefits, if any declared by the Company after allotment.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.37.8 as compared to the previous close of Rs. 37.35. The total number of shares traded during the day was 921980 in over 834 trades.

The stock hit an intraday high of Rs. 38.5 and intraday low of 37.2. The net turnover during the day was Rs. 34890838.

Source : Equity Bulls

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