Under ESOP
Magma Fincorp announced that the Nomination and Remuneration Committee of the Board of Directors of the Company which has been authorised in this regard has allotted 36325 Equity Shares of face value of Rs. 2/- each at a price of Rs. 36/- per share (including a premium of Rs. 34/- per share) and 15000 Equity Shares of face value of Rs. 2/- each at a price of Rs. 60/- per share (including a premium of Rs. 58/- per share) to the eligible employees under Magma Employee Stock Option Plan 2007 (the Scheme) at their meeting held on 05 November 2014.Pursuant to this allotment, the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 38,07,64,750/- (Rupees Thirty Eight Crores Seven Lakhs Sixty Four Thousand and Seven Hundred Fifty only) consisting of 19,03,82,375 Nos. Equity Shares (Nineteen Crores Three Lakhs Eighty Two Thousand and Three Hundred and Seventy Five) of face value of Rs. 2/- each.
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