RIL allots 5.34 lakh shares to staff under ESOS | business | Hindustan Times
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RIL allots 5.34 lakh shares to staff under ESOS

business Updated: Aug 27, 2010 11:03 IST

PTI
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Mukesh Ambani-owned Reliance Industries Ltd today said it has allotted over 5.34 lakh equity shares to its staff under employees stock option scheme (ESOS).

The allotment committee of the board issued 5,34,739 equity shares of Rs 10 each on August 23, Reliance Industries, the country's most valued firm, said in a filing to the Bombay Stock Exchange.

The equity shares were allotted after the option holders exercised their right to under the employees' Stock Option Scheme, it said. Shares of the company closed at Rs 956.70, down 1.18 per cent from the previous close on the BSE.

<b>Lincoln Pharma plans hike in equity capital to Rs 20 cr</b>

Drugs maker Lincoln Pharmaceuticals Ltd today said it would consider to approve hike in equity capital to Rs 20 crore on August 31. The board of directors would take a final decision in this regard at its meeting to be held on August 31,2010.

Lincoln Pharmaceuticals informed the Bombay Stock Exchange in a regulatory disclosure. The board would also resolve to issue 50 lakh equity shares Rs 10 each to promoters and entities other than promoters on preferential basis as per SEBI guidelines, it said. Shares of the company closed at Rs 40.35, down 3.12 per cent from the previous close on the BSE.