Gammon Infrastructure Projects allots 481250 Equity Shares

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board has by way of circular resolution dated June 18, 2010, approved the issue and allotment of 481,250 equity shares of Rs. 2/- each following the exercise of stock options by the employees under the 'GIPL Employee Stock Option Scheme - 2007' (pre-IPO) and GIPL Employee Stock Option Scheme - 2008. Upon the allotment of these shares, the paid up capital of the Company stand increased to 72,61,13,500 equity shares of Rs. 2/- each.

The stock was trading at Rs.27.40, up by Rs.0.25 or 0.92%. The stock hit an intraday high of Rs.27.70 and low of Rs.27.25.

The total traded quantity was 81626 compared to 2 week average of 379251.

Source : Equity Bulls

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