Vascon Engineers Ltd allots 64,00,000 shares

The Directors of Vascon Engineers Ltd through Circular Resolution dated 8th January, 2018 approved allotment of 64,00,000 shares of Rs. 10 each with a premium of Rs. 10 each pursuant to exercise of option granted and vested to eligible employees under ESOP 2016 of the Company.

The Equity Shares allotted above shall have no lock in period. These shares shall rank pari-passu with the existing equity shares of the Company and shall be entitled to dividend and other corporate benefits, if any declared by the Company after allotment.

Shares of Vascon Engineers Ltd was last trading in BSE at Rs.49.55 as compared to the previous close of Rs. 48.55. The total number of shares traded during the day was 671933 in over 2158 trades.

The stock hit an intraday high of Rs. 50.9 and intraday low of 48.55. The net turnover during the day was Rs. 33521018.

Source : Equity Bulls

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