Motilal Oswal allots 5000 Equity Shares on exercise of Stock Options

Motilal Oswal Financial Services Ltd has announced that the 'ESOP Committee' of the Board of Directors of the Company at its meeting held on August 10, 2009 has allotted 5,000 Equity shares of the face value of Re 1 each fully paid-up to the Employees on exercise of the Stock Options granted in accordance with the provision of the 'Motilal Oswal Financial Services Ltd - Employees Stock Option Scheme - III'.

Consequently, the issued and the paid-up Share Capital of the Company stands at Rs 14,20,25,000 divided into 14,20,25,000 Equity shares of Rs 1 each.

The stock closed the day at Rs.136.40, down by Rs.3.65 or 2.61%. The stock hit an intraday high of Rs.143.90 and low of Rs.136.

The total traded quantity was 19597 compared to 2 week average of 58613.

Source : Equity Bulls

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