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Dabur India has announced the allotment of about 7 lakh shares to eligible employees. In a filing to the exchanges, the company said that the Remuneration and Compensation Committee passed the resolution by circulation to allot 6.95 lakh shares to eligible employees who had exercised their stock options.
With this allotment, the paid up share capital of the company has increased to Rs 174 crore. Earlier this month, the company had canceled 18,180 stock options granted to its employees.
The share price of the company was down 0.7% to Rs 157.
