Grasim Industries Ltd, a flagship company of the Aditya Birla Group said that it has allotted 2,708 equity shares under the Company's Employee Stock Option Schemes, 2006 and 2013.
"The Stakeholders' Relationship Committee of the Board of Directors of the Company has approved allotment of 2,708 Equity shares of Rs. 10/- each of the Company upon exercise of stock options under the Company's Employee Stock Option Schemes, 2006 and 2013," the company said in a filing to the Bombay Stock Exchange.
These shares shall rank pari passu with the existing equity shares of the Company in all respects and shall be subject to the provisions of the Memorandum and Articles of Association of the Company.
Consequent to the above allotment, the equity share capital of the Company stands increased to 9,18,66,649 equity shares of Rs. 10/- each aggregating to Rs. 91,86,66,490/-.
Meanwhile, shares of the company were trading at Rs 3432.40 a piece, down 0.84 per cent from the previous close at 11:57 hours on BSE.