Coromandel International allots 835000 Options under ESOS

Coromandel International Ltd has announced that the Remuneration & Nomination Committee, at its meeting held on January 12, 2011, had granted 835000 options under Employee Stock Option Scheme 2007 of the Company at an exercise price of Rs. 287.50 per option.

The stock closed the day at Rs.279.90, down by Rs.7.65 or 2.66%. The stock hit an intraday high of Rs.290 and low of Rs.275.

The total traded quantity was 0.41 lakhs compared to 2 week average of 0.19 lakhs.

Source : Equity Bulls

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