Gammon Infrastructure Projects allots 226665 Equity Shares

Gammon Infrastructure Projects Ltd has announced that the Compensation Committee of the Board has by way of circular resolution on January 05, 2011 approved the issue and allotment of 2,26,665 equity shares of Rs. 2/- each, following the exercise of stock options by the employees under the 'GIPL Employee Stock Option Scheme - 2008'. Upon the allotment of these shares, the paid up capital of the Company stand increased to 72,86,53,495 equity shares of Rs. 2/- each.

The stock closed the day at Rs.23.65. The stock hit an intraday high of Rs.24.20 and low of Rs.23.40.

The total traded quantity was 0.82 lakhs compared to 2 week average of 2.37 lakhs.

Source : Equity Bulls

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