Crompton Greaves Consumer Electrical allots over 8.5 lakh equity shares under ESOP; Stock gains 1%

18 Aug 2022 , 01:00 PM

Crompton Greaves Consumer Electrical Ltd has informed to the exchanges regarding allotment of shares under Company’s Employee  Stock Option Scheme.

As per the filing, the Company has allotted 8,56,066 (Eight Lakh Fifty Six Thousand Sixty Six) Equity Shares of Rs2/- (Rupees Two only) each on August 18, 2022, to the grantees who had exercised their options under the Employee Stock Option Schemes.

With this allotment, the paid-up capital of the Company has increased to Rs. 126,91,99,962/- divided into 63,45,99,981 number of equity shares of face value of Rs. 2/- each, the company said in a regulatory filing on Thursday.

At around 1:00 PM, Crompton Greaves Consumer Electricals Ltd was trading at Rs397.25 per share up by Rs5.05 or 1.29% from its previous closing of Rs392.20 per share on the BSE.

On Thursday, the scrip opened at Rs392 per share and has touched a high and low of Rs398.55 per share and Rs388 per share respectively so far today. The current market cap of the company is Rs24,855.44 crore.