Allcargo Global Logistics allots 12236 Equity Shares under ESOP Scheme

Allcargo Global Logistics Ltd has announced that the Committee of the Board of Directors of the Company at their meeting held on January 17, 2011 has issued and allotted 12,236 equity shares of Rs. 2 each fully paid of the Company to its employees in exercise of options granted to them under 'Allcargo Employee Stock Option Plan 2006'.

Accordingly, with the allotment of 12,236 equity shares, the paid up share capital of the Company has been increased from Rs. 261,033,936 divided into 130,516,968 equity shares of Rs. 2 each fully paid up to Rs. 261,058,408 divided into 130,529,204 equity shares of Rs. 2 each.

The stock closed the day at Rs.139.90, down by Rs.2.55 or 1.79%. The stock hit an intraday high of Rs.142.85 and low of Rs.139.05.

The total traded quantity was 2208 compared to 2 week average of 68710.

Source : Equity Bulls

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