Core Projects & Technologies approves allotment of 51990 shares

Core Projects & Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on November 11, 2010, inter alia, has considered & approved the Remuneration / Compensation Committee approved the grant of 3,51,000 stock options to the eligible employees of the Company and employees of the Subsidiary Companies.

The Shareholders and Investors Grievance Committee approved the allotment of 51,990 equity shares of Rs. 2/- each to the eligible employees and Director, who have exercised their options under CORE Employee Stock Option Schemes 2007 and 2009. Post this allotment, the Paid-Up Share Capital of the Company stands enhanced to Rs.20,73,73,096/- comprising 10,36,86,548 Equity Shares of Rs.2/- each.

The stock was trading at Rs.295.80, down by Rs.4.20 or 1.40%. The stock hit an intraday high of Rs.303.60 and low of Rs.294.30.

The total traded quantity was 0.43 lakhs compared to 2 week average of 2.91 lakhs.

Source : Equity Bulls

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