Idea Cellular allots 134250 Equity Shares

Idea Cellular Ltd has announced that the ESOS Compensation Committee vide its circular resolution dated May 25, 2010, has allotted 1,34,250 Equity Shares of Rs. 10/- each to the Option Grantees, pursuant to the exercise of Stock Options under the Company's Employee Stock Option Scheme, 2006 (ESOS-2006).

Further the Company has noted that, the Equity Share Capital of the Company, post the said allotment, stands increased to 330,01,47,143 equity shares of Rs. 10/- each aggregating to Rs. 3300,14,71,430/-.

The stock was trading at Rs.50.40, down by Rs.1.10 or 2.14%. The stock hit an intraday high of Rs.52.70 and low of Rs.48.80.

The total traded quantity was 1983628 compared to 2 week average of 1330548.

Source : Equity Bulls

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