Simbhaoli Sugars allots 116876 Equity shares on exercise of stock options

Simbhaoli Sugars Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on August 19, 2009, has issued and allotted 1,16,876 equity shares of Rs 10 each at an exercise price of Rs 39/- (including premium of Rs 29.00/-) per equity share on exercise of 1,16,876 stock options granted to the eligible employees under Simbhaoli Sugars Ltd- Employees Stock option Scheme 2007.

The stock was trading at Rs.62.10, up by Rs.1.55 or 2.56%. The stock hit an intraday high of Rs.62.55 and low of Rs.60.55.

The total traded quantity was 87704 compared to 2 week average of 500755.

Source : Equity Bulls

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