Motilal Oswal allots 14300 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 November 03, 2009 has allotted 14,300 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 14,30,52,341 divided into 14,30,52,341 equity shares of Re 1 each to Rs 14,30,66,641 divided into 14,30,66,641 Equity shares of Re 1 each.

The stock closed the day at Rs.150.05, down by Rs.1.10 or 0.73%. The stock hit an intraday high of Rs.153 and low of Rs.146.

The total traded quantity was 16029 compared to 2 week average of 127736.

Source : Equity Bulls

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