ICSA India allots 174999 Shares on conversion of Stock Options

ICSA India Ltd has announced that the Board of Directors of the Company at its meeting held on March 03, 2010, have allotted 1,74,999 Equity shares of Rs 2/- each on conversion of 35% of the Employee Stock Options issued under ESOP 2007 scheme.

Accordingly the revised share capital of the Company after the present allotment consists of 4,72,88,488 equity shares of Rs 2/- each.

The stock was trading at Rs.138.50, up by Rs.3 or 2.21%. The stock hit an intraday high of Rs.139.50 and low of Rs.136.

The total traded quantity was 77432 compared to 2 week average of 87315.

Source : Equity Bulls

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