Praj Industries Ltd approves allotment of 25,850 Equity Shares Under ESOP

Pursuant to the provisions of the Praj Employee Stock Option Plan 2011, some of the option grantees have exercised 25,850 Stock grants equivalent to 25,850 Equity shares of face value Rs. 2/- each of Praj Industries Ltd.

Accordingly, the duly authorised Compensation & Share Allotment Committee of the Board of Directors of the Company has allotted 25,850 Equity shares on 24th May, 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 179,529,198 Equity shares of Rs. 2/- each.

Shares of PRAJ INDUSTRIES LTD. was last trading in BSE at Rs.77.85 as compared to the previous close of Rs. 77.6. The total number of shares traded during the day was 81166 in over 678 trades.

The stock hit an intraday high of Rs. 79 and intraday low of 76.65. The net turnover during the day was Rs. 6316589.

Source : Equity Bulls

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