“The Committee of Directors of the Board of Directors of the Company has on December 28, 2016, inter alia, issued and allotted 43,50,000 equity shares of Rs. 6/- each consequent to exercise of options granted and vested under FVIL Employees Stock Plan – 2011,” the company said in a filing to the Bombay Stock Exchange.
In terms of the aforesaid allotment, the paid-up share capital of the Company stands increased to Rs. 9,97,49,53,428/- comprising of 1,66,24,92,238 equity shares of Rs. 6/- each.