Redington (India) allots 272090 Shares

Redington (India) Ltd has announced that the ESOP Share Allotment Committee of the Directors of the Company has considered and approved on November 25, 2010 the allotment of 2,72,090 (Two Lakh Seventy Two Thousand and Ninety Only) equity shares of Rs. 2/- each at a premium of Rs. 24/- per share pursuant to exercise of options granted under 'Redington (India) Limited - Employee Stock Option Plan, 2008'.

The stock closed the day at Rs.81.30, down by Rs.1.65 or 1.99%. The stock hit an intraday high of Rs.84.50 and low of Rs.80.30.

The total traded quantity was 0.14 lakhs compared to 2 week average of 0.78 lakhs.

Source : Equity Bulls

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