Marg allots 23780 Equity Shares under ESOP

Marg Ltd has announced that the Capital Issues and Allotment Committee, in its meeting held on November 13, 2010, has allotted 23,780 Equity shares of Rs. 10 each at a premium of Rs. 90 per shore aggregating Rs. 100 per share under "Employees Stock Option Plan 2006" upon exercise of 23,780 options by the Employees on the cut off date, i.e., November 13, 2010 fixed far the above allotment.

The stock was trading at Rs.188.50, down by Rs.2.20 or 1.15%. The stock hit an intraday high of Rs.192.85 and low of Rs.188.10.

The total traded quantity was 0.11 lakhs compared to 2 week average of 0.24 lakhs.

Source : Equity Bulls

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