Nava Bharat Ventures allots 109210 Equity Shares

Nava Bharat Ventures Ltd has announced that the Employees Stock Option Scheme (Compensation & Allotment) Committee has allotted 1,09,210 Equity Shares of Rs. 2/- each under the Employees Stock Option Scheme of the Company on exercise of the vested options granted on January 05, 2007 @ Rs. 90.52 per option/equity share, including premium.

Further, consequent to the aforesaid allotment, the paid-up share capital of Company has gone up from 7,62,55,458 Equity Shares of Rs. 2/- each for Rs. 15,25,10,916 to 7,63,64,668 Equity Shares of Rs. 2/- each, for Rs. 15,27,29,336/-.

The stock was trading at Rs.420.15, down by Rs.10.05 or 2.34%. The stock hit an intraday high of Rs.424 and low of Rs.419.10.

The total traded quantity was 6285 compared to 2 week average of 29053.

Source : Equity Bulls

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