Core Projects allots 12357 Equity Shares & Grants 978000 Stock Options

Core Projects & Technologies Ltd has announced that the Remuneration / Compensation Committee had, at its meeting held on August 12, 2010, approved grant of 9,78,000 stock options to the employees and directors of the Company and to the employees of the Subsidiary Companies under the CORE Employee Stock Option Scheme, 2009.

The Shareholders / Investors Grievance Committee had, at its meeting held August 12, 2010, approved allotment of 12,357 equity shares of Rs. 2 each on exercise of options by the employees under the CORE Employee Stock Option Scheme, 2007. Post this allotment, the Paid-up Equity Share Capital of the Company stands enhanced to Rs. 20,71,92,222 comprising 10,35,96,111 equity shares of Rs. 2 each.

The stock was trading at Rs.267.70, up by Rs.6.90 or 2.65%. The stock hit an intraday high of Rs.268.50 and low of Rs.260.

The total traded quantity was 429865 compared to 2 week average of 340359.

Source : Equity Bulls

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