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Our Bureau

Mumbai, Dec. 19 Amid the fall in the share price of Cairn India, the company’s board has allotted 16 lakh equity shares to Mr Rahul Dhir, MD & CEO, Cairn India Ltd, on December 8.

“The board has allotted 16 lakh equity shares pursuant to the exercise of stock options by Mr Rahul Dhir, MD & CEO, under the Cairn India Senior Management Plan, pursuant to the exercise of options,” a company statement to the BSE said.

The price of 16 lakh shares in the secondary market at the closing price of Rs 142.60 a share on December 8, works out to Rs 22.81 crore.

More Stories on : Stocks | Petroleum | Cairn India Ltd

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