Motilal Oswal allots 38275 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 September 14, 2009 has allotted 38,275 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 paid-up Share Capital of the Company stands increased from Rs 14,30,14,066 divided into 14,30,14,066 equity shares of Re 1 each to Rs 14,30,52,341 divided into 14,30,52,341 Equity shares of Re 1 each.

The stock was trading at Rs.171, up by Rs.4.30 or 2.58%. The stock hit an intraday high of Rs.173.80 and low of Rs.167.

The total traded quantity was 11443 compared to 2 week average of 58990.

Source : Equity Bulls

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