Ramco Systems Ltd allots 898 shares

The Allotment Committee of the Board of Directors of Ramco Systems Ltd at its meeting held today, has approved an allotment of 898 equity shares of Rs. 10/- each, being the exercise of 898 equity stock options under the Employee Stock Option Scheme, 2014 (ESOS 2014). Consequent to this the paid up equity share capital has increased from 3,05,97,396 equity shares ofRs.10/- each to 3,05,98,294 equity shares of Rs.10/- each.

The Company has received the in principle approvals from the Stock Exchanges in connection with the ESOS 2014.

Shares of RAMCO SYSTEMS LTD. was last trading in BSE at Rs.220.2 as compared to the previous close of Rs. 224.95. The total number of shares traded during the day was 2129 in over 91 trades.

The stock hit an intraday high of Rs. 223.9 and intraday low of 220. The net turnover during the day was Rs. 471159.

Source : Equity Bulls

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