Tech Mahindra allots 288944 shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd on June 09, 2016 has passed resolution for the issue and allotment of a total of 288944 equity shares of Rs. 5/- each of the Company to the applicants.

52640 equity shares were allotted on exercise of stock options under ESOP 2000 and 182700 equity shares, on exercise of stock options under ESOP 2006.

The committee allotted 4440 equity shares, on exercise of stock options under ESOP 2010 and 6664 equity shares, on exercise of stock options under TML - ESOP B - 2013.

The company also allotted 2500 equity shares, on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.534.75 as compared to the previous close of Rs. 535.8. The total number of shares traded during the day was 60762 in over 1906 trades.

The stock hit an intraday high of Rs. 537.3 and intraday low of 528.55. The net turnover during the day was Rs. 32333508.

Source : Equity Bulls

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