India Cements allots 1500 Equity Shares

The Compensation Committee of the Board of Directors of India Cements Ltd at its meeting held on March 02, 2011, has allotted 1,500 Equity Shares of Rs. 10/- each fully paid-up at a premium of Rs. 40/- per share to an employee who has exercised his stock options under ICL ESOS, 2006. Consequently, the Paid-up Equity Share Capital of the Company has gone up from Rs. 30717.57 lakhs to Rs. 30717.72 lakhs.

The stock closed the day at Rs.90.40, up by Rs.2.20 or 2.49%. The stock hit an intraday high of Rs.90.90 and low of Rs.87.50.

The total traded quantity was 0.92 lakhs compared to 2 week average of 2.39 lakhs.

Source : Equity Bulls

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