Idea Cellular allots 320424 equity shares

Idea Cellular Ltd has announced that the ESOS Compensation Committee vide its circular resolution dated August 25, 2010, has allotted 3,20,424 Equity Shares of Rs. 10/- each to the Option Grantees, pursuant to the exercise of Stock Options under the Company's Employee Stock Option Scheme, 2006 (ESOS-2006).

Further the Company has informed that, the Equity Share Capital of the Company, post the said allotment, stands increased to 3,30,06,06,255 equity shares of Rs. 10/- each aggregating to Rs. 33,00,60,62,550/-.

The stock was trading at Rs.69.45, down by Rs.0.60 or 0.86%. The stock hit an intraday high of Rs.71 and low of Rs.68.35.

The total traded quantity was 5.09 lakhs compared to 2 week average of 5.78 lakhs.

Source : Equity Bulls

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