Bharti Airtel allots 85250 Equity Shares

Bharti Airtel Ltd has announced that Committee of Directors of Board of directors of the Company, in its meeting held on March 20, 2010, has allotted 85,250 equity shares to the employees upon exercise of stock options pursuant to ESOP Scheme 2005.

72,000 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 110.5, 1,000 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 156.5, 6,200 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 178.5, 2,000 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 183.0 and - 4,050 Equity Shares of Rs. 5/- each fully paid up at an exercise price of Rs. 195.0 were allotted.

With the allotment of the above shares the equity base of the Company stand increased from present level of 3,797,444,846 (Nos.) to 3,797,530,096 (Nos.) equity shares of Rs. 5/- each.

The stock closed the day at Rs.316.30, up by Rs.4.45 or 1.43%. The stock hit an intraday high of Rs.319.40 and low of Rs.306.25.

The total traded quantity was 1073840 compared to 2 week average of 861603.

Source : Equity Bulls

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