CSL Finance Ltd allots 165000 shares

A meeting of Board of Directors of the Company was held today, the 15th of June and concluded at 5:40 pm, for allotment of 1,65,000 equity shares of Rs.10/- each to CSL Employee Welfare Trust under CSL Employee Stock Option Scheme 2016.

Under CSL ESOS Scheme 2016 has a total of 7,00,000 options, an aggregate of 4,37,500 number of options are outstanding as on date, and further out of which 1,65,000 number of options stand vested as on date, towards which aforesaid 1,65,000 equity shares have been allotted to the CSL Employee Welfare Trust vide this Board Meeting held today at a price of Rs.226/- per share. The remaining outstanding options are to be vested over a period of 3-4 years (with the next vesting to be due on 01.04.2019), subject to Compensation Committee, applicable laws in this regard and any further grants, lapses, exercise etc.

Shares of CSL Finance Ltd was last trading in BSE at Rs.586.05 as compared to the previous close of Rs. 590. The total number of shares traded during the day was 685 in over 26 trades.

The stock hit an intraday high of Rs. 592.5 and intraday low of 583.05. The net turnover during the day was Rs. 403481.

Source : Equity Bulls

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