Gammon India allots 31870 Equity Shares

Gammon India Ltd has announced that the ESOP Compensation Committee in its meeting held on October 20, 2010 has allotted 31,870 Equity Shares of Rs. 2/- each to the eligible employees on exercise of stock options under the Employee Stock Option Scheme - 2007 (ESOP) of erstwhile Associated Transrail Structures Ltd. (ATSL) which was taken over by the Company on amalgamation of ATSL with Gammon India Ltd. (the scheme being effective from July 07, 2009). The paid up Equity Share Capital of the Company post allotment is 127,489,182 Equity Shares of Rs. 2/- each aggregating to Rs. 254,978,364/-.

The stock closed the day at Rs.198.30, down by Rs.1.60 or 0.80%. The stock hit an intraday high of Rs.202.95 and low of Rs.197.

The total traded quantity was 0.17 lakhs compared to 2 week average of 0.20 lakhs.

Source : Equity Bulls

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