Redington India allots 185375 shares

The ESOP Share Allotment Committee of the Directors of Redington (India) Ltd has considered and approved on May 27, 2011, the allotment of 1,85,375 (One Lakh Eighty Five Thousand Three Hundred and Seventy Five Only) equity shares of Rs. 2/- each (31,250 equity shares at a premium of Rs. 31/- per share and 1,54,125 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.84.45, up by Rs.1.60 or 1.93%. The stock hit an intraday high of Rs.84.95 and low of Rs.82.10.

The total traded quantity was 0.17 lakhs compared to 2 week average of 0.36 lakhs.

Source : Equity Bulls

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