Future Capital Holdings allots 389000 Equity Shares & Grants 300000 Stock Options

Future Capital Holdings Ltd has announced that the Compensation and Nomination Committee constituted by the Board of Directors of the Company vide resolutions passed by it dated October 18, 2010, has allotted 3,89,000 equity shares of Rs.10/- each fully paid up at an exercise price of Rs.178/- to the option holders upon exercise of stock options granted pursuant to the FCH ESOS- 2007.

With the allotment of the above equity shares, the equity base of the Company stands increased from present level of 6,42,48,484 (Nos.) to 6,4637,484 (Nos.) equity shares of Rs. 10/- each.

The Board also granted 3,00,000 (Three Lacs) Stock Options under the Company's Employees Stock Option Scheme - 2009 (FCH ESOS - 2009), representing equal number of equity shares of face value Rs.10/- (Rupees Ten Only) each, in the Company to the Eligible Employee.

The stock was trading at Rs.252, down by Rs.1 or 0.40%. The stock hit an intraday high of Rs.255.95 and low of Rs.251.50.

The total traded quantity was 3091 compared to 2 week average of 13025.

Source : Equity Bulls

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