City Union Bank Ltd grants 9617000 stock options

The Board of Directors of City Union Bank Ltd at its meeting held on January 24, 2015, considered and approved grant of 96,17,000 (Ninety six lakh and seventeen thousand only) stock options in aggregate under CUB ESOS - 2008 - Series V, to the employees of the Bank in accordance with the provisions of the Securities and Exchange Board of India (Employees Stock Option Scheme and Employee Stock Purchase Scheme), Guidelines, 1999.

Shares of CITY UNION BANK LTD. was last trading in BSE at Rs.95.4 as compared to the previous close of Rs. 93. The total number of shares traded during the day was 226681 in over 2947 trades.

The stock hit an intraday high of Rs. 97.5 and intraday low of 93.9. The net turnover during the day was Rs. 21679187.

Source : Equity Bulls

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