Gammon Infrastructure allots 921665 Equity Shares

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board has by way of circular resolution on July 15, 2010 approved the issue and allotment of 9,21,665 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) & 'GIPL Employee Stock Option Scheme - 2008'. Upon the allotment of these shares, the paid up capital of the Company stand increased to 72,77,85,165 equity shares of Rs. 2/- each.

The stock closed the day at Rs.26.25, down by Rs.0.45 or 1.69%. The stock hit an intraday high of Rs.26.75 and low of Rs.26.10.

The total traded quantity was 97362 compared to 2 week average of 201845.

Source : Equity Bulls

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