Mahindra CIE Automotive Ltd allots 20615 shares

The Allotment Committee of Board of Directors of Mahindra CIE Automotive Ltd vide its resolution passed today i.e. 24th September, 2018 issued and allotted 20,615 Equity Shares of face value of Rs. 10/- pursuant to exercise of options by the eligible employee under the Company's Employees' Stock Option Scheme, 2007 and 2015.

Consequent to the allotment the issued capital increased from Rs. 3,786,019,040/- to Rs. 3,786,225,190/- and the subscribed and paid up capital of the Company is increased from Rs. 3,786,009,590/- to Rs. 3,786,215,740/-.

Shares of Mahindra CIE Automotive Limited was last trading in BSE at Rs.271.05 as compared to the previous close of Rs. 279.4. The total number of shares traded during the day was 40892 in over 1141 trades.

The stock hit an intraday high of Rs. 276.8 and intraday low of 265. The net turnover during the day was Rs. 11008107.

Source : Equity Bulls

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