Gammon Infrastructure allots 25 lakh Equity Shares

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board at its meeting held on December 16, 2009, approved the issue and allotment of 25,00,000 equity shares of Rs. 2/- per share to Mr. Parvez Umrigar, Managing Director of the Company pursuant to exercise of the stock options under the 'GIPL Employee Stock Option Scheme - 2008.'

The stock closed the day at Rs.18.15. The stock hit an intraday high of Rs.18.40 and low of Rs.17.80.

The total traded quantity was 199569 compared to 2 week average of 553122.

Source : Equity Bulls

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