Newgen Software Technologies Ltd allots 3,50,000 shares

The Board of Directors of Newgen Software Technologies Ltd at its meeting held today i.e. on Monday, March 25, 2019, has allotted 3,50,000 Equity Shares of face value of Rs. 10/- each to Newgen ESOP Trust for transfer of shares to employees on exercise of options granted under Newgen ESOP Scheme 2014, as approved by the shareholders of the Company. These shares shall rank pari-passu with the existing equity shares of the Company, in all respects.

With this allotment, the Paid-up Capital of the Company stands increased from Rs. 69,23,57,010 (6,92,35, 701 Equity shares of Rs. 10/- each) to Rs. 69,58,57,010 (6,95,85, 701 Equity shares of Rs. 10/- each).

Shares of Newgen Software Technologies Ltd was last trading in BSE at Rs.321.95 as compared to the previous close of Rs. 306.4. The total number of shares traded during the day was 13705 in over 582 trades.

The stock hit an intraday high of Rs. 328 and intraday low of 302.85. The net turnover during the day was Rs. 4384870.

Source : Equity Bulls

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