Tech Mahindra allots 43550 Equity Shares

Tech Mahindra Ltd has announced that the resolution passed by the Securities Allotment Committee of the Board of Directors of the Company on August 24, 2009 for issue and allotment of a total of 43,550 equity shares of Rs 10/- each of the Company.

4,960 equity shares were allotted on exercise of stock options under Employee Stock Option Plan 2000 (ESOP 2000) and 38,590 equity shares, on exercise of stock options under Employee Stock Option Plan 2006 (ESOP 2006).

The stock closed the day at Rs.843.60, up by Rs.26.35 or 3.22%. The stock hit an intraday high of Rs.852.10 and low of Rs.829.

The total traded quantity was 249540 compared to 2 week average of 325763.

Source : Equity Bulls

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