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Allotment of equity shares

| Updated on July 29, 2011 Published on July 29, 2011

Magma Fincorp Ltd has informed BSE that the Nomination and Remuneration Committee of the Board of Directors of the Company which has been authorised in this regard vide Resolution passed by Circulation on July 29, 2011 has allotted 35650 Nos. Equity Shares of Rs. 2/- each at a price of Rs. 36/- per share (including a premium of Rs. 34/- per share) to the eligible employees under Magma Employee Stock Option Plan 2007 ("the Scheme").

Pursuant to this allotment the issued, subscribed and paid-up equity share capital of the Company stands increased to Rs. 35,93,27,150/- (Rupees Thirty Five Crores Ninety Three Lacs Twenty Seven Thousand One Hundred and Fifty only) consisting of 17,96,63,575 Nos. (Seventeen Crore Ninety Six Lacs Sixty Three Thousand Five Hundred and Seventy Five) of Equity Shares of Rs. 2/- each.

Source : BSE - >www.bseindia.com

Published on July 29, 2011
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