Praj Industries Ltd allots 35965 Equity Shares

Pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 35,965 Stock grants equivalent to 35,965 Equity shares of face value Rs. 2/- each of the Company.

Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of Praj Industries Ltd has allotted 35,965 Equity shares on April 22, 2016 at an exercise price of Rs.55.75 per Equity share to the option grantees in terms of Praj Employee Stock Option Plan 2011.

Consequently, the issued, subscribed and paid-up share capital of the Company stands increased to 178,008,374 Equity shares of Rs.2/- each.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.94.7 as compared to the previous close of Rs. 92.9. The total number of shares traded during the day was 61836 in over 1067 trades.

The stock hit an intraday high of Rs. 95.3 and intraday low of 92.4. The net turnover during the day was Rs. 5801835.

Source : Equity Bulls

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