Educomp Solutions allot 16,250 equity shares to employees 03/07/2014

Educomp Solutions allot 16,250 equity shares to employees
03/07/2014 14:48
Globally diversified education solutions provider Educomp Solutions Ltd on Thursday said its nomination and remuneration committee has allotted 16,250 equity shares of the company to its employees under ESOP Scheme 2006. Further, after allotment of shares the paid up capital of the company has increased to Rs 24,49,21,836 consisting of 12,24,60,918 equity shares from Rs 24,48,89,336 having 12,24,44,668 equity shares of the face value of Rs 2 each, the company said in a statement. In a filing to the Bombay Stock Exchange, the company informed, “Nomination and remuneration committee of the company on July 01, 2014 by passing resolution by circulation has allotted 16,250 equity shares of the company to the respective employees who have exercised their option under ESOP Scheme 2006.” Meanwhile, shares of the company were trading at Rs 38.25 a piece, down 0.91 per cent from previous close on BSE at 14:49 hours.