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BS Ltd has informed BSE that the company has allotted 9,900 equity shares (including 4,950 bonus equity shares) of Re 1 each to the grantees, upon exercise of 495 Options at Rs 109.95 per share of Rs 10 each under the Employees Stock Option Plan 2011 of the company.
The shares shall rank pari-passu with the existing equity shares of the company in all respects.
The company, pursuant to the approval of the shareholders dated January 10, 2014, had sub divided the face value of the shares from Rs 10 each into Re 1 each with effect from January 22, 2014. Accordingly, the Option holders, upon exercise of each Option of Rs 10, are issued and allotted 10 equity Shares of Re 1 each of the company.
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