Tide Water Oil approves issue of options to employees

Tide Water Oil (India) Ltd has announced that the Board of Directors of the Company at its meeting held on September 03, 2010, granted In principle approval for issue of Options of Ordinary Equity Shares to the employees of the Company through Trust route.

Further the Board decided to obtain members' sanction on the ESOP Scheme and allied matters through Postal Ballot, as may be decided in due course.

The stock closed the day at Rs.9571.50, up by Rs.870.10 or 10%. The stock hit an intraday high of Rs.9571.50 and low of Rs.8650.

The total traded quantity was 29154 compared to 2 week average of 8875.

Source : Equity Bulls

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