Grasim Industries allots 1673 Shares under Employee Stock Option Scheme, 2006

Grasim Industries Ltd has announced that the Shareholders Grievance / Allotment & Transfer Committee of the Board of Directors of the Company has allotted 1,673 (One Thousand Six Hundred and Seventy Three) Equity Shares on December 31, 2010 under the Company's Employee Stock Option Scheme, 2006. The said 1,673 Shares shall rank pari passu with the existing equity shares of the Company in all respects.

On allotment, the equity share capital of the Company stands increased to 9,16,96,689 equity shares of Rs. 10/- each aggregating to Rs. 91,69,66,890.

The stock was trading at Rs.2338, up by Rs.21.25 or 0.92%. The stock hit an intraday high of Rs.2347 and low of Rs.2326.

The total traded quantity was 3398 compared to 2 week average of 12156.

Source : Equity Bulls

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