Lanco Infratech grants 8072940 ESOPs

Lanco Infratech Ltd has announced that the Compensation Committee at its Meeting held on August 13, 2010, granted 80,72,940 No. of Employee Stock options of Re. 1/- Face Value each to the permanent employees of the Company and its Subsidiaries under the Employees Stock Option Plan-2006.

Further the Company has informed that the Committee also noted that 2,21,44,580 Employee Stock Options of Re. 1/- Face Value each have been exercised and 1,99,75,845 Employee Stock Options of Re. 1/- Face Value each have been Cancelled due to separation.

The Company has further informed that the Committee made note of the New Employee Stock Option Scheme - 2010, approved by the Members in the 17th Annual General Meeting held on July 31, 2010.

The stock closed the day at Rs.73.60, up by Rs.4.10 or 5.90%. The stock hit an intraday high of Rs.74.10 and low of Rs.69.55.

The total traded quantity was 11.54 lakhs compared to 2 week average of 7.47 lakhs.

Source : Equity Bulls

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