Hero MotoCorp Ltd approves allotment of 5374 Shares

The Nomination & Remuneration Committee of Hero MotoCorp Ltd at its meeting held on February 08, 2017 has allotted 5,374 equity shares of face value of INR 2/- each to the eligible employees of the Company who have exercised their stock options under the Company's Employee Stock Option Plan, 2014 framed under Employee's Incentive Scheme 2014. These shares rank pari passu with the existing equity shares of the Company in all respects. With this allotment, the paid up share capital of the Company has increased to INR 399,393,676 divided into 199,696,838 equity shares of face value of INR 2/- each.

Shares of HERO MOTOCORP LTD. was last trading in BSE at Rs.3223.8 as compared to the previous close of Rs. 3258.75. The total number of shares traded during the day was 32991 in over 3639 trades.

The stock hit an intraday high of Rs. 3282.25 and intraday low of 3210. The net turnover during the day was Rs. 107006119.

Source : Equity Bulls

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