Redington India allots 14570 equity shares

Redington India Ltd has announced that the ESOP share allotment Committee of the Directors of the Company has considered and approved on December 03, 2009 the allotment of 14,570 ( Fourteen Thousand Five Hundred and Seventy Only) equity shares of Rs. 10/-.

8,240 equity shares each at premium of Rs. 120/- per share and 6,330 equity shares each at a premium of Rs. 155/- per share were allotted pursuant to exercise of options granted under 'Redington (India) Limited- Employee Stock Option Plan, 2008'.

The stock closed the day at Rs.294.55, down by Rs.2.75 or 0.92%. The stock hit an intraday high of Rs.303.50 and low of Rs.292.65.

The total traded quantity was 14576 compared to 2 week average of 33844.

Source : Equity Bulls

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