KLG Systel approves allotment of 55882 shares

KLG Systel Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2009, inter alia, has approved the allotment of 55,882 fully paid up equity shares of Rs. 10/- each at a premium of Rs. 109.58 per share for cash to employees of the Company on exercise of options vested on April 12, 2009 in accordance with KLG Employee Stock Option Scheme, 2005.

The stock closed the day at Rs.211.35, up by Rs.2.50 or 1.20%. The stock hit an intraday high of Rs.219.25 and low of Rs.210.20.

The total traded quantity was 82943 compared to 2 week average of 74056.

Source : Equity Bulls

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