Gammon Infrastructure allots 750000 Equity Shares under ESOS

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board has by way of circular resolution dated June 28, 2010, approved the issue and allotment of 7,50,000 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 72,68,63,500 equity shares of Rs. 2/- each.

The stock closed the day at Rs.26.95, down by Rs.0.10 or 0.37%. The stock hit an intraday high of Rs.27.25 and low of Rs.26.75.

The total traded quantity was 135917 compared to 2 week average of 438330.

Source : Equity Bulls

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