Sarda Energy & Minerals approves ESOP Scheme 2012

The Board of Directors of Sarda Energy & Minerals Ltd at its meeting held on January 21, 2012, has approved the draft ESOP Scheme 2012 which entails, issue of 7,17,000 options convertible into equivalent number of shares as per the Scheme. The Scheme is subject to the approval of the members in the General Meeting and other statutory clearances.

The Sarda Energy & Minerals Ltd stock was trading at Rs.116.70, up by Rs.10.80 or 10.20%. The stock hit an intraday high of Rs.119 and low of Rs.109.

The total traded quantity was 0.23 lakhs compared to 2 week average of 0.16 lakhs.

Source : Equity Bulls

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