Under stock option scheme
Mahindra Ugine Steel Company has announced that pursuant to exercise of stock options by certain eligible employees under Mahindra Ugine Steel Company Limited Employees' Stock Option Scheme-2006, the Board of Directors of the Company has issued and allotted 1,81,750 equity shares of face value of Rs 10 each of the Company vide its Board resolution dated 15 March 2014.Consequent to the above allotment, the paid up equity share capital of the Company has been increased from Rs 32.48 crore to Rs 32.66 crore, divided into 3,26,64,279 equity shares of Rs 10 each.
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