Triveni Engineering Grants 200000 Stock Options

Triveni Engineering & Industries Ltd has announced that the Compensation Committee of the Board of Directors of the Company at its meeting held on April 30, 2010, has granted 2,00,000 stock options (covering 2,00,000 equity shares of Re. 1/- each of the Company) at an exercise price of Rs. 108.05 per share (being the latest available closing price on The National Stock Exchange of India Ltd. as of April 29, 2010) to certain eligible employees of the Company under Triveni Employees Stock Option Scheme 2009 (ESOP 2009) of the Company.

The stock was trading at Rs.111.05, down by Rs.1.40 or 1.24%. The stock hit an intraday high of Rs.113 and low of Rs.109.95.

The total traded quantity was 42726 compared to 2 week average of 233648.

Source : Equity Bulls

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