Redington (India) allots 102250 Shares

Redington (India) Ltd has announced that the ESOP Share Allotment Committee of the Directors of the Company, on October 05, 2010, has considered and approved the allotment of 1,02,250 (One Lakh Two Thousand Two Hundred and Fifty Only) equity shares of Rs. 2/- each at a premium of Rs. 24/- per share pursuant to exercise of options granted under 'Redington (India) Ltd - Employee Stock Option Plan, 2008'.

The stock closed the day at Rs.87.25, down by Rs.1.85 or 2.08%. The stock hit an intraday high of Rs.90.20 and low of Rs.86.

The total traded quantity was 0.16 lakhs compared to 2 week average of 1.99 lakhs.

Source : Equity Bulls

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