Mahindra Logistics allots 41,663 equity shares under Employee Restricted Stock Unit Plan

Mahindra Logistics allots 41,663 equity shares under Employee Restricted Stock Unit Plan 2018.

Apr 13, 2021 09:04 IST India Infoline News Service

Mahindra Logistics Limited on 12th April 2021, approved allotment of 41,663 equity shares of face value of Rs. 10/- each, fully paid up, on exercise of Restricted Stock Units (“RSUs”) under the Mahindra Logistics Employee Restricted Stock Unit Plan 2018 (“RSU Plan 2018”).

Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company has increased from Rs. 71,67,03,400/- (comprising of 7,16,70,340 equity shares of Rs. 10/- each fully paid-up) to Rs. 71,71,20,030/- (comprising of 7,17,12,003 equity shares of Rs. 10/- each fully paid-up).

The stocks has opened at Rs515.10 per piece on Sensex amid weak market cues.

The stock has touched an intraday high and low of Rs522 per piece and Rs506.95 per piece respectively in early trading hours.

At around 9:50 AM, Mahindra Logistics was trading at Rs517.75 per piece down by Rs2.55 or 0.49% on the BSE.

Previously, on the trading index it was closed at Rs520.30 per piece on Sensex.

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