Nava Bharat Ventures allots 7140 shares under ESOP

Nava Bharat Ventures Ltd has announced that the Employees Stock Option Scheme Remuneration (Compensation & Allotment) Committee allotted 7140 Equity Shares of Rs. 2/- each under the Employees Stock Option Scheme of the Company on exercise of the vested options granted on January 05, 2007 @ Rs. 90.52 per option/equity share, including premium.

Further, consequent to the aforesaid allotment, the paid-up share capital of the Company has gone up from 75972728 Equity Shares of Rs. 2/- each for Rs. 15,19,45,456/- to 75979868 Equity Shares of Rs. 2/- each, aggregating to Rs. 15,19,59,736/-.

The stock was trading at Rs.375.85, up by Rs.5.25 or 1.42%. The stock hit an intraday high of Rs.381 and low of Rs.368.

The total traded quantity was 4560 compared to 2 week average of 12799.

Source : Equity Bulls

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