Simbhaoli Sugars allots 28140 Equity shares on exercise of stock options

Simbhaoli Sugars Ltd has announced that the Allotment Committee of the Board of Directors of the Company in its meeting held on December 09, 2009, has issued and allotted 28140 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 28140 stock options granted to the eligible employees under Simbhaoli Sugars Limited- Employees Stock option Scheme 2007.

The stock was trading at Rs.70.15, up by Rs.0.10 or 0.14%. The stock hit an intraday high of Rs.71 and low of Rs.70.10.

The total traded quantity was 926 compared to 2 week average of 28163.

Source : Equity Bulls

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