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Shriram City Union Finance informs about allotment of equity shares under ESOP Scheme

18 Jan 2019 Evaluate

Shriram City Union Finance has informed that the company was granted in-principle approval for the issue and allotment of 13,55,000 equity shares under company's ESOP Scheme 2006 in terms of Clause 22.1 (b) of SEBI (ESOS and ESPS) guidelines 1999 and Regulation 10 (b) of the Securities and Exchange Board of India (Share Based Employee Benefits) Regulations 2014. The Banking and Securities Management Committee as empowered by the company’s board of directors in its meeting held on January 17, 2019 allotted 510 (negligible% of paid up equity share capital) Equity Shares of Rs 35 each (including Rs 25 as premium) to six employees of the company who exercised their options under ESOP Scheme 2006. As intimated by the said employees, the company intimates the allotment of shares made under regulation 7(2) under Chapter III of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations 2015 and other applicable regulations.

The above information is a part of company’s filings submitted to BSE.

Shriram City Union Share Price

1923.55 0.00 (0.00%)
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