Magma Fincorp has informed that the nomination and remuneration committee of the board of directors of the company which has been authorized in this regard vide resolution passed by circulation on November 25, 2011 has allotted 68600 nos. equity shares of Rs. 2 each at a price of Rs. 36 per share (including a premium of Rs. 34 per share) to the eligible employees under Magma Employee Stock Option Plan 2007 ('the Scheme').
Pursuant to this allotment the issued, subscribed and paid-up equity share capital of the company stands increased to Rs. 37,94,64,350 consisting of 18,97,32,175 Nos. of equity shares of Rs. 2 each.
The above information is part of the company’s filing submitted to the BSE.
