APL Apollo Tubes Allots Equity Shares To Employees As Stock Option

APL Apollo Tubes Limited on Tuesday announced that the Committee of the Board of Directors of the Company allotted 1,81,250 Equity shares of face value of Rs 2 each of the Company upon exercise of stock options by employees under the APL ApolloEmployee Stock Option Scheme- 2015, the company announced through an exchange filing.

The face value of the equity shares is Rs 2 each.

The equity shares shall rank pari passu with the existing equity shares of the Company.

As a result, the Company's paid-up Equity Share Capital has risen from Rs 55,46,61,628, consisting of 27,73,30,814 equity shares valued at Rs 2 each, to Rs 55,50,24,128, comprising 27,75,12,064 equity shares valued at Rs 2 each.

APL Apollo Tubes Limited shares

At 3:20 pm IST on Tuesday, the shares of APL Apollo Tubes Limited were being traded at Rs 1,660, indicating a decrease of 2.14 percent from their previous valuation.