Bharti Airtel allots 47885 equity shares

Bharti Airtel Ltd has announced that Committee of Directors of Board of Directors of the Company in its meeting held on July 15, 2009, has allotted 47,885 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005 of the Company.

The Board allotted 32,650 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 221/-, 150 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 313/-, 10,000 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 357/-, 2,050 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 366/-, 2,660 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 390/- and 375 Equity Shares of Rs 10/- each fully paid up at an exercise price of Rs 597/-

With the allotment of the above shares the equity base of the Company stand increased from present level of 1,898,373,280 (Nos.) to 1,898,421,165 (Nos.) equity shares of Rs 10/- each.

Source : Equity Bulls

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