Tech Mahindra allots 2433976 shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd on April 18, 2016 for issue and allotment of a total of 2433976 equity shares of Rs. 5/- each of the Company to the applicants.

8680 equity shares were allotted on exercise of stock options under ESOP 2000 and 18000 equity shares, on exercise of stock options under ESOP 2006.

2400000 equity shares were allotted on exercise of stock options under ESOP 2010 and 2296 equity shares, on exercise of stock options under TML - ESOP B - 2013.

The committee also allotted 5000 equity shares, on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.476.3 as compared to the previous close of Rs. 470.7. The total number of shares traded during the day was 80314 in over 2586 trades.

The stock hit an intraday high of Rs. 481.65 and intraday low of 472.55. The net turnover during the day was Rs. 38241985.

Source : Equity Bulls

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