Tech Mahindra allots 53060 shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd has passed resolution on April 16, 2016 for issue and allotment of a total of 53060 equity shares of Rs. 5/- each of the Company to the applicants.

14700 equity shares were allotted on exercise of stock options under ESOP 2006 and 16668 equity shares, on exercise of stock options under ESOP 2010.

2692 equity shares were allotted on exercise of stock options under TML - ESOP B - 2013 and 19000 equity shares, on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.470.7 as compared to the previous close of Rs. 464.25. The total number of shares traded during the day was 83194 in over 2356 trades.

The stock hit an intraday high of Rs. 472.5 and intraday low of 465.75. The net turnover during the day was Rs. 39067732.

Source : Equity Bulls

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