Aditya Birla Fashion and Retail Ltd approves allotment of 47,316 shares

The Stakeholders Relationship Committee of the Board of Directors of Aditya Birla Fashion and Retail Ltd has today, i.e. on November 29, 2017, allotted 47,316 (Forty Seven Thousand Three Hundred and Sixteen) fully paid-up Equity Shares of Rs. 10/- each ('said shares'), pursuant to the exercise of Stock Options and Restricted Stock Units under the ESOS-2013. The said shares will rank pari passu with the existing Equity Shares of the Company in all respects.

Consequent to the above allotment, the Paid-up Equity Share Capital of the Company will increase from Rs. 7,71,63,66,620 (i.e. 77,16,36,662 Fully Paid-up Equity Shares of Rs. 10/- each) to Rs. 7,71,68,39,780 (77,16,83,978 Fully Paid-up Equity Shares of Rs.10/- each).

Shares of Aditya Birla Fashion and Retail Ltd was last trading in BSE at Rs.164.05 as compared to the previous close of Rs. 165.7. The total number of shares traded during the day was 60962 in over 979 trades.

The stock hit an intraday high of Rs. 170.5 and intraday low of 164. The net turnover during the day was Rs. 10203225.

Source : Equity Bulls

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