Steel Strips Wheels Ltd allots 9450 shares

The Allotment Committee of the Board of Directors of Steel Strips Wheels Ltd in their meeting held today i.e. on Monday the 31st day of December, 2018 allotted 9450 Equity shares Rs.10/- each for cash, at an exercise price of Rs. 100/- per share to the employees of the Company who have exercised their stock options under Steel Strips Wheels Ltd. - Employee Stock Option Scheme, 2014 (ESOS 2014).These shares shall rank pari passu with the existing equity shares of the Company in all respects.

With the said allotment, the Issued and Paid up Capital of the Company increased from Rs.155802700/- to Rs.155897200/- comprising 15589720 equity shares of Rs. 10/- each.

Shares of STEEL STRIPS WHEELS LTD. was last trading in BSE at Rs.936.4 as compared to the previous close of Rs. 936.55. The total number of shares traded during the day was 228 in over 44 trades.

The stock hit an intraday high of Rs. 940 and intraday low of 931. The net turnover during the day was Rs. 213072.

Source : Equity Bulls

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