Max India Ltd allots 886500 shares

The Nomination and Remuneration Committee of Max India Ltd in its meeting held today approved allotment of 8,86,500 equity shares of Rs.2/- each of the Company at an exercise price of Rs.77.80 per equity share for cash to certain stock option-holders arising from the exercise of Stock Options granted by the Company.

Shares of MAX INDIA LTD. was last trading in BSE at Rs.610.25 as compared to the previous close of Rs. 593.85. The total number of shares traded during the day was 54054 in over 1559 trades.

The stock hit an intraday high of Rs. 616.55 and intraday low of 584.4. The net turnover during the day was Rs. 32747976.

Source : Equity Bulls

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