Bharti Airtel allots 189650 equity shares

Bharti Airtel Ltd has announced that Committee of Directors of Board of directors of the Company, in its meeting held on March 17, 2010, has allotted 189,650 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005.

144,100 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 110.50, 6,400 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 156.50, 24,200 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 178.50, 13,450 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 195.00 and 1,500 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 206.00.

With the allotment of the above shares the equity base of the Company stand increased from present level of 3,797,255,196 (Nos.) to 3,797,444,846 (Nos.) equity shares of Rs. 5/-each.

The stock was trading at Rs.297.95, up by Rs.3.20 or 1.09%. The stock hit an intraday high of Rs.300.80 and low of Rs.294.50.

The total traded quantity was 898294 compared to 2 week average of 864996.

Source : Equity Bulls

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