Tech Mahindra Ltd allots 255484 shares

The Securities Allotment Committee of the Board of Directors of Tech Mahindra Ltd passed resolution on February 20, 2017 for issue and allotment of a total of 255484 equity shares of Rs. 5/- each of the Company to the applicants.

48850 equity shares were allotted on exercise of stock options under ESOP 2006 and 10563 equity shares, on exercise of stock options under ESOP-2014.

163571 equity shares were allotted on exercise of stock options under TML - ESOP B - 2013 and 32500 equity shares, on exercise of stock options under TML - RSU.

Shares of TECH MAHINDRA LTD. was last trading in BSE at Rs.499.7 as compared to the previous close of Rs. 502.9. The total number of shares traded during the day was 148864 in over 1337 trades.

The stock hit an intraday high of Rs. 507 and intraday low of 497.25. The net turnover during the day was Rs. 74400235.

Source : Equity Bulls

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