Hindustan Construction Company allots 20,000 Equity Shares upon exercise of 20,000 Options

Hindustan Construction Company Ltd has announced that The ESOP Compensation Committee of the Company at its Meeting held on August 26, 2010 has issued and allotted 20,000 Equity Shares of face value Rs. 1/- each upon exercise of 20,000 Options under HCC Employee Stock Option Plan.

Consequent to the issue and allotment of the Equity Shares as aforesaid, the Paid-up Equity Share Capital of the Company stands increased from the present Rs. 60,65,12,920/- (Rupees Sixty Crore Sixty Five Lakhs Twelve Thousand Nine Hundred Twenty Only) divided into 60,65,12,920 Equity Shares of face value Rs. 1/- each to Rs. 60,65,32,920/- (Rupees Sixty Crore Sixty Five Lakhs Thirty Two Thousand Nine Hundred Twenty Only) divided into 60,65,32,920 Equity Shares of face value Rs. 1/- each.

The stock was trading at Rs.62, up by Rs.0.55 or 0.90%. The stock hit an intraday high of Rs.62.80 and low of Rs.61.70.

The total traded quantity was 7.33 lakhs compared to 2 week average of 7.53 lakhs.

Source : Equity Bulls

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