KEI Industries Ltd allots 560000 Equity Shares pursuant to exercise of stock options under ESOS

At the meeting of the Share Allotment Committee of the Board of Directors of KEI Industries Ltd held on September 24, 2016, Share Allotment Committee has allotted 5,60,000 Equity Shares of face value of Rs. 2/- each to the eligible employees under "KEI Employees Stock Option Scheme - 2015" upon exercise of 5,60,000 Options at an exercise price of Rs. 35/- per Option/Equity Share . The said Equity shares shall rank pari-passu with the existing equity shares of the Company in all respect.

Consequent to the said allotment, the paid-up Equity Share Capital of the Company stands increased from Rs. 15,44,74,876/- to Rs. 15,55,94,876/- divided into 7,77,97,438 Equity Shares of face value of Rs. 2/- each.

Shares of KEI INDUSTRIES LTD. was last trading in BSE at Rs.121.15 as compared to the previous close of Rs. 116.05. The total number of shares traded during the day was 97053 in over 1484 trades.

The stock hit an intraday high of Rs. 123.35 and intraday low of 115.4. The net turnover during the day was Rs. 11748740.

Source : Equity Bulls

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