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Gati allots shares to employees

Hyderabad, Jan 22

The board of directors of Gati has approved allotment of three lakh shares (of Rs 2 each) at Rs 5.10 a share to the eligible employees of the company under the employee stock option scheme. It also transacted allotment of 1.40 lakh shares at Rs 10.24 a share to nonexecutive independent directors under ESOP. It also ratified allotment of 17.86 lakh shares at Rs 123 a share (aggregating about $5 million) on conversion of FCCBs to Lehman Brothers International of the UK, the company informed the BSE. - Our Bureau

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