PRAJ industries Ltd approves allotment of 59160 Shares under ESOP

Pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 59,160 Stock grants equivalent to 59,160 Equity shares of face value Rs. 2/- each of the Company.

Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of PRAJ industries Ltd has allotted 59,160 Equity shares on 26th April, 2017 at an exercise price of Rs.55.75 per Equity share to the option grantees in terms of Praj Employee Stock Option Plan 2011.

Consequently, the issued, subscribed and paid- up share capital of the Company stands increased to 179,503,348 Equity shares of Rs. 2/- each.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.85.4 as compared to the previous close of Rs. 82.5. The total number of shares traded during the day was 870474 in over 5222 trades.

The stock hit an intraday high of Rs. 86.7 and intraday low of 82.05. The net turnover during the day was Rs. 74385920.

Source : Equity Bulls

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