Simbhaoli Sugars allots 32910 Equity shares on exercise of stock options

Simbhaoli Sugars Ltd has announced that the Allotment Committee of the Board of Directors of the Company in its meeting held on November 18, 2010, has issued and allotted 32910 equity shares of Rs. 10 each at an exercise price of Rs 39/- (including premium of Rs. 29.00/-) per equity share on exercise of 32910 stock options granted to the eligible employees under Simbhaoli Sugars Ltd- Employees Stock option Scheme 2007.

The stock was trading at Rs.43.35, down by Rs.1.10 or 2.47%. The stock hit an intraday high of Rs.45.90 and low of Rs.43.35.

The total traded quantity was 0.14 lakhs compared to 2 week average of 1.23 lakhs.

Source : Equity Bulls

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