Grasim Industries Ltd allots 673 Equity shares under Employee Stock Option Scheme - 2006

The Stakeholders' Relationship Committee of the Board of Directors of Grasim Industries Ltd has approved allotment of 673 Equity shares of Rs. 10/- each of the Company upon exercise of stock options under the Company's Employee Stock Option Scheme - 2006.

These shares shall rank pari passu with the existing equity shares of the Company in all respects and shall be subject to the provisions of the Memorandum and Articles of Association of the Company.

Consequent to the above allotment, the equity share capital of the Company stands increased to 9,33,48,202 equity shares of Rs. 10/- each aggregating to Rs. 93,34,82,020/-.

Shares of GRASIM INDUSTRIES LTD. was last trading in BSE at Rs.4874 as compared to the previous close of Rs. 4860. The total number of shares traded during the day was 2600 in over 488 trades.

The stock hit an intraday high of Rs. 4917.85 and intraday low of 4853.9. The net turnover during the day was Rs. 12690747.

Source : Equity Bulls

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