Mahindra Lifespace Developers Ltd approves ESOP Allotment

The Board of Directors of Mahindra Lifespace Developers Ltd at its meeting held on today, 22nd April, 2017, have approved issue and allotment of 2050 new fully paid-up Equity Shares of Rs.10/- each to the Eligible Employees pursuant to the exercise of Options granted under Employee Stock Options Scheme 2012 (ESOS - 2012), at an exercise price of Rs.10/- per share.

Pursuant to this allotment, the issued equity capital of the Company has increased from Rs. 41,09,44,010 to Rs.41,09,64,510 and subscribed & paid up equity capital of the Company has increased from Rs. 41,05,35,500 to Rs.41,05,56,000.

Shares of MAHINDRA LIFESPACE DEVELOPERS LTD. was last trading in BSE at Rs.410.15 as compared to the previous close of Rs. 417.15. The total number of shares traded during the day was 7899 in over 185 trades.

The stock hit an intraday high of Rs. 418.6 and intraday low of 406.25. The net turnover during the day was Rs. 3267723.

Source : Equity Bulls

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