Geojit Financial Services Ltd allots 96,770 shares, 23674 options

The Nomination and Remuneration Committee of the Board of Directors of Geojit Financial Services Ltd at its meeting held today approved a grant of 23,674 stock options to the eligible employees of the Company and its subsidiaries under "Employee Stock Option Scheme - ESOS 2016" at an exercise price of Rs. 101.25 per option.

The Board of Directors of the Company has allotted 96,770 equity shares of the face value of Re.l each to employees of the Company and the subsidiaries at its meeting held today upon exercise of stock options under Employees Stock Option Plan 2010 (Tranche lii & Tranche IV).

The Meeting of the Board of Directors commenced at 3.30 p.m. and concluded at 6.15 p.m.

Shares of Geojit Financial Services Ltd was last trading in BSE at Rs.96.05 as compared to the previous close of Rs. 98.8. The total number of shares traded during the day was 15387 in over 220 trades.

The stock hit an intraday high of Rs. 99.7 and intraday low of 95.5. The net turnover during the day was Rs. 1498966.

Source : Equity Bulls

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