Cholamandalam Investment and Finance Company Ltd said that it has allotted 26,211 equity shares to the option grantees who have exercised their options.
"The Nomination & Remuneration Committee has approved an allotment of 26,211 equity shares of Rs. 10/- each to the option grantees who have exercised their options," the company said in a filing to the Bombay Stock Exchange.
The Company will be applying for the final listing of the above shares on NSE and BSE to complete the rest of the issue formalities.
Meanwhile, shares of the company were trading at Rs 602 a piece, up 1.81 per cent from the previous close at 10:36 hours on BSE.