Redington India allots 59745 Shares

Redington (India) Ltd has announced that the ESOP Share Allotment Committee of the Directors of the Company has considered and approved on May 28, 2010, the allotment of 59,745 (Fifty Nine Thousand Seven Hundred and Forty Five Only) equity shares of Rs. 10/-.

47,245 equity shares were allotted each at a premium of Rs. 120/- per share and 12,500 equity shares each at a premium of Rs. 155/- per share pursuant to exercise of options granted under 'Redington (India) Ltd - Employee Stock Option Plan, 2008'.

The stock closed the day at Rs.376, down by Rs.9.65 or 2.50%. The stock hit an intraday high of Rs.390 and low of Rs.376.

The total traded quantity was 772 compared to 2 week average of 5745.

Source : Equity Bulls

Keywords