Bajaj Electricals Ltd said that it has allotted 46,750 equity shares in the Company to 17 Employee Stock Option Grantees on their exercise of options granted under ESOP.
“The Share Allotment Committee of the Company at its 36th meeting held on December 13, 2016, allotted 46,750 equity shares of Rs. 2 each, fully paid-up, in the Company to 17 Employee Stock Option Grantees on their exercise of options granted under ESOP,” the company said in a filing to the Bombay Stock Exchange.
Post this allotment, the Issued, Subscribed and Paid-up Capital of the Company now comprise of 10,12,23,926 equity shares of Rs 2 each fully paid up amounting to Rs. 20,24,47,852/-.
Meanwhile, shares of the company were trading at Rs 218.50 apiece, up 0.11 per cent from the previous close at 12:14 hours on BSE.