Simbhaoli Sugars allots 58960 Equity Shares

Simbhaoli Sugars Ltd has announced that the Allotment Committee of the Board of Directors of the Company at its meeting held on September 16, 2009, has issued and allotted 58,960 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 58,960 stock options granted to the eligible employees under Simbhaoli Sugars Ltd- Employees Stock option Scheme 2007.

The stock was trading at Rs.55.20, down by Rs.0.50 or 0.90%. The stock hit an intraday high of Rs.56.70 and low of Rs.55.

The total traded quantity was 33012 compared to 2 week average of 41921.

Source : Equity Bulls

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