Gammon Infrastructure Projects allots 41665 Equity Shares

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board has on November 15, 2010, approved the issue and allotment of 41,665 equity shares of Rs. 2/- each, following the exercise of stock options by the employees under the "GIPL Employee Stock Option Scheme - 2008'. Upon allotment of these shares, the paid up capital of the Company stand increased to 72,83,51,830 equity shares of Rs. 2/- each.

The stock closed the day at Rs.21.35, down by Rs.0.95 or 4.26%. The stock hit an intraday high of Rs.22.85 and low of Rs.21.25.

The total traded quantity was 0.80 lakhs compared to 2 week average of 0.85 lakhs.

Source : Equity Bulls

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