Dabur India allots Bonus Stock Options

Dabur India Ltd has announced that in view of the Bonus issue by the company in the ratio of 1:1, i.e. one new equity share of Re. 1 each for every one existing share of Re 1 each, the Remuneration cum Compensation Committee has adjusted the size of all the outstanding grants made to employees in pursuance of ESOS 2000 by issuing 97,13,625 bonus stock options in the ratio of 1 : 1 to all the employees holding unvested stock options as on September 10, 2010 which was the Record Date for the purpose of Bonus Issue. These new stock options shall vest in the respective employees as per vesting schedule of original stock options.

The stock was trading at Rs.103.90, down by Rs.1.90 or 1.80%. The stock hit an intraday high of Rs.106.45 and low of Rs.103.25.

The total traded quantity was 1722410 at an average price of Rs 104.87 resulting in a turnover of Rs 1806.29 lakhs.

Source : Equity Bulls

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