Gammon India allots 18402 equity shares

Gammon India Ltd has announced that the ESOP Compensation Committee in its meeting held on February 22, 2010 has allotted 18,402 Equity Shares of Rs. 2/- each to the eligible employees on exercise of stock options under the Employee Stock Option Scheme - 2007 (ESOP) of erstwhile Associated Transrail Structures Ltd. (ATSL) which was taken over by the Company on amalgamation of ATSL with Gammon India Ltd. (the scheme being effective from July 07, 2009). The paid up Equity Share Capital of the Company post allotment is 11,96,88,698 Equity Shares of Rs. 2/- each aggregating to Rs. 23,93,77,396/-.

The stock closed the day at Rs.222.05, down by Rs.3.40 or 1.51%. The stock hit an intraday high of Rs.232.80 and low of Rs.220.50.

The total traded quantity was 10374 compared to 2 week average of 12442.

Source : Equity Bulls

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