Mahindra CIE Automotive Limited approves allotment of 4,500 Equity Shares

The Allotment Committee of Board of Directors of Mahindra CIE Automotive Limited vide its resolution passed today i.e. 30th May, 2017 issued and allotted 4,500 Equity Shares of face value of Rs. 10/- pursuant to exercise of options by the eligible employee under the Company's Employees' Stock Option Scheme, 2007.

Consequent to the allotment the paid up capital of the Company is increased from Rs. 3,781,137,650/- to Rs. 3,781,182,650/-.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.242.3 as compared to the previous close of Rs. 236. The total number of shares traded during the day was 23900 in over 983 trades.

The stock hit an intraday high of Rs. 249 and intraday low of 236.65. The net turnover during the day was Rs. 5866350.

Source : Equity Bulls

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