Redington India allots 515815 Shares

The ESOP Share Allotment Committee of the Directors of Redington (India) Ltd has considered and approved the allotment of 5,15,815 (Five Lakhs Fifteen Thousand Eight Hundred and Fifteen Only) equity shares of Rs. 2/- each (31,250 equity shares at a premium of Rs. 31/- per share and 4,84,565 equity shares at a premium of Rs. 24/- per share), pursuant to exercise of options granted under 'Redington (India) Ltd - Employee Stock Option Plan, 2008'.

The stock closed the day at Rs.79.15, up by Rs.1.60 or 2.06%. The stock hit an intraday high of Rs.79.50 and low of Rs.76.70.

The total traded quantity was 6223 compared to 2 week average of 49275.

Source : Equity Bulls

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